With many big technology companies announcing global layoffs, professionals in the sector in India are frantically looking for more secure options, reports The Economic Times. The inflow of resumes from tech industry employees who have not received pink slips has at least doubled in the past one month or so, said executives at recruitment services providers and executive search firms including Ciel HR Services, Adecco, Transearch, ABC Consultants and Careernet. They included employees from companies such as Amazon, Google,Meta and Microsoft, which all have announced global layoffs. For example, Careernet, a staffing and recruitment firm in Bengaluru, got as many as 50 CVs last week from tech sector employees looking for a job change, compared with around five per week about a month ago.

Aditya Mishra, chief executive at Ciel HR Services, said, "Employees in the tech industry are choosing stability over insane hikes. Gone are the days of 100% pay hikes (a year ago).” AR Ramesh, director, Adecco India, said, "Tech talent is now weaning away from working with startups.” In the last few weeks, the number of queries from senior talent from large tech companies has doubled for Transearch, an executive search firm. While most are avoiding startups, some who are facing more threat of losing jobs at the top tech companies are even opting for those.