"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.