Most Indian companies have decided not to resort to any more job cuts even as they have put a cap on fresh hiring and staff incentives with a curb on outstation travel for executives, says a survey released.

More than 75 percent of the respondents in the survey by PricewaterhouseCoopers (PwC) said they were reviewing their recruitment strategy to manage costs. A majority of them had also imposed a freeze on fresh hiring.

The information technology and outsourcing sectors, known for aggressive hiring in the past, have become more conservative with 84 percent stating that there will be no more recruitments.