New Delhi, Apr 22: iGate, one of the leading software firm in India on Wednesday, Apr 22 said it has haulted hiring till the third quarter (Q3) of the current calender year, the time it is expecting a U-turn in the ailing economy.
"We have frozen hiring. We will not hire till the economic condition improves which we expect to happen in the third quarter of the current calendar year," iGate CEO Phaneesh Murthy said.
"(The) third quarter of the calendar year, I believe, will start seeing some kind of recovery for offshore companies," he added. iGate has 6,492 employees as of Mar this year, a net reduction of 74 employees as compared to 2008. Murthy added that company has no plans to layoff any employee.