Amid Muted Hiring In IT Firms, Gig Economy Witnesses A Boom

Top Indian IT companies have already indicated that hiring will remain muted over the first and second quarters of this financial year, while contract hiring might rise as companies try to reduce long-term cost commitments

The pandemic may have put a pause on technology hiring, but the software gig economy is buzzing, where freelance developers on crowdsourced platforms such as Topcoder, Github and HackerEarth work on specific tasks for a fee.

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These platforms, where clients find independent developers to ideate quickly and work on multiple projects, have gained as customers seek more agile workforces, with their requirements changing at short notice.

Top Indian IT companies have already indicated that hiring will remain muted over the first and second quarters of this financial year, while contract hiring might rise as companies try to reduce long-term cost commitments.

Topcoder, a community of 1.6 million freelance software developers, reported higher community activity, order bookings and overall fulfilment since the pandemic struck.

Source: livemint

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