Financial Crisis has hit the outsourcing business in US which is said to be the largest IT outsourcing business hub. Many IT companies in India, due to this, have been forced to reduce their expenses. This means no more hiring and no more increase in Salary hikes at a faster pace as it has been zooming past few years. The attrition levels have dropped down. It has fallen from 13.9 to 13.6. HR personnel’s of a firm can breathe freely as they love the slow pace of hiring. IT companies like Infosys and Satyam are the companies which are already being affected by this. The rate of attrition at Infosys has come down to 28 per cent in comparison to last year rate of 35 per cent. This pace has made them opt for hiring mix strategy which will favour the fresh graduates and trainees.