Demand for design professionals in semiconductor GCCs dips in July-Sep: Report

Demand for design professionals in semiconductor global capability centres dropped by 7 per cent sequentially during the July-September quarter of 2024-25, driven by global macroeconomic challenges and the cautious hiring sentiments of large corporations, a report said on Monday.

Talent solutions provider Careernet’s report revealed that semiconductor GCCs saw a 7 per cent decline in open job positions in the second quarter of this financial year.

“The overall dip in demand in the second quarter indicates a temporary slowdown, however, there is the continued need for skilled talent in the sector.

“Government policies, such as the India Semiconductor Mission and Production Linked Incentive (PLI) schemes, are further accelerating growth, attracting investments, and ensuring that the country’s semiconductor design industry is prepared for global challenges,” Careernet Chief Business Officer Neelabh Shukla said.