There has never been a more exhilarating — or challenging— time to be a tech leader.
From a high attrition rate to working remotely, to digitization, every day seemed to be a challenge for the IT industry.
To begin with, as IT companies recovered from supply chain disruptions brought on by the pandemic, they progressively began putting plans for unforeseen events and other operational risks. For this, they implemented systems with increased visibility and resilience.
With greater experience and composite personnel under their collective belts, tech companies improved their cultures, intensified experimentation with collaborative solutions, and created better methods to manage taxes.
However, we also can’t deny that the IT industry under performed. Due to an increased attrition rate, it started performing poorly at the beginning of 2022, resulting in employee costs rising dramatically and the businesses failed to pass those costs on to customers.
I think that driven by India’s stable political, geographical, and economic foundation, despite the global trend of growing layoffs, tech firms in India are expected to pick up their hiring in 2023. Alongside this, I think the IT industry would be comparatively lackluster in 2023 as businesses will become more cautious about development and expansion.
SpeckyFox also has great plans to expand its business in various domains and technologies. We would also like to become a 100+ team by the end of the year 2023
