Indian IT giants ride US jobs boom, hire more and more techies
tech companies in the US added an estimated 6,000 workers last month.
Indian IT giants have established a robust presence in the US, with Tata Consultancy Services (TCS) employing 50,000 people, Infosys 35,000, HCL Technologies 24,000, Wipro 20,000, and LTI Mindtree 6,500. Together, these companies contribute around 2% to the US tech industry workforce, as per an HDFC Securities report. The widespread presence of these firms across various US locations positions them advantageously for the ongoing demand recovery.
The surge in job growth has been primarily driven by hiring in technology services, software development, and cloud infrastructure. In March, US employers posted 191,000 new job openings for tech positions, marking an increase of 8,000 from the previous month and the highest volume since August 2023.
Overall, there were an estimated 438,000 active tech job postings in March, with software developers and IT support specialists witnessing the largest increase in openings between February and March. According to CompTIA's report, cities like New York, Washington, Dallas, Chicago, Los Angeles, and San Francisco recorded the highest volumes of job postings in March.
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HDFC Securities analysts highlighted that tech employment in the US grew by 1.2% in 2023, with the workforce expanding by 117,000 to reach 9.6 million, inclusive of non-technical employees. CompTIA forecasts a 3.1% increase, equivalent to over 300,000 net additions, in the US tech
