TCS, Infosys, HCL Tech, other IT firms may hire over 1 lakh locally as clients increase outsourcing - watsupptoday.com
TCS, Infosys, HCL Tech, other IT firms may hire over 1 lakh locally as clients increase outsourcing
Posted 05 Aug 2020 04:15 PM

Image Source: TIMES NOW

It is welcome news that large information technology (IT) companies are poised to recruit over 100,000 people locally in an attempt to bolster their teams to complete clients� projects who have migrated to digital and increased outsourcing to reduce operational costs. Following a lack lustre June-quarter when firms stalled recruitment, IT companies have resumed employing and honouring all campus offers made to the college graduates this year. Plus, several IT companies deal volumes rose and a deal pipeline is healthier than before, even as they have alerted that the time taken to seal deals has extended in the current coronavirus-induced disruption. Many industry experts are of the opinion that the Covid-19 pandemic may have put a brake on IT hiring, but contract recruitment might rise as firms try to cut long-term cost commitments.

Tata Consultancy Services (TCS)�India's largest software exporter�is all set to employ around 40,000 new executives�much like last year, as per its head of global human resources, Milind Lakkad, despite a sharp fall in revenue in the quarter ended June on account of the coronavirus outbreak. The IT firm has continued onboarding freshers and resumed lateral hiring. TCS has a total workforce of 4,48,464 as of March, and it plans to double its US campus hires to approximately 2,000 this fiscal, in a bid to cut dependence on H-1B and L-1 work visas, which have become difficult to get. Lakkad had termed US President Donald Trump�s decision to suspend H-1B and L-1 work visas as unfortunate and unfair.

Bengaluru-based software services exporter Infosys will hire more than 20,000 people, while HCL Technologies will onboard 15,000 new hires this year. More importantly, many mid-size IT companies had deferred joining dates for freshers this year. However, as work from home (WFH) has emerged as a potential model in these unprecedented times, companies are remotely hiring freshers.

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