TCS Hiring 40,000 Freshers! Tata Consultancy Services To Hire More Employees in Current Fiscal With No Plans for Large-Scale Job Cuts, Says COO
Tata Consultancy Service COO N Ganapathy Subramaniam has said that the company is planning to hire 40,000 freshers for FY2024. He also says that there are no further plans of TCS for large-layoffs.
New Delhi, October 16: Tata Consultancy Services is set to hire 40,000 freshers in 2024, Says N Ganapathy Subramanian, COO of the company. On the other hand, the reports say that companies like Infosys may wait to hire students. According to reports, TCS usually employs about 30,000 to 40,000 employees annually. As per the recent statement by TCS COO, the company may not lay off employees in the coming months. As per reports, TCS currently has over 60,000 employees ready to work.
When hiring new candidates, companies like Tata Consultancy Services prefer Campus hiring. As per the report, the company has no plans for large-scale layoffs but to hire freshers. Infosys CFO Niranjan Roy has stated that Infosys already hired nearly 50,000 employees last year, and this year, they will only prefer campus hiring once they get higher demand. India Asks Google-Owned YouTube To Initiate Legal Action Against 'Fake News Channels', Label Them With 'Unverified' Disclaimer,
TCS Strategic Plan To Hiring 40,000 Freshers:
Tata Consultancy Services, as per reports, has a strategic approach when it comes to hiring candidates. The TCS COO Subramaniam states that they hire fewer candidates when there is a contraction in discretionary spending. He further says that the company saw huge attrition in the past 12 to 14 months but ended up hiring a lot more than needed. According to the reports, the current utilization of TCS is around 85%, which used to be 87% to 90%. Apple India Diwali Sale 2023 Offers: From iPhone SE to iPhone 15 Pro and iPhone 15 Pro Max, List of iPhones Available With Reduced Prices and Discount Offers.
As per reports, Subramaniam emphasized that the company prepared for higher demand. According to reports, the company has 60,000 employees out of its 600,000 workforce ready to be deployed as they have acquired skills and necessary training over the last year. The reports say that Infosys is not looking for new students to hire as the company already has a significant fresher bench ready to meet the demand in the market.
(The above story first appeared on LatestLY on Oct 16, 2023 04:53 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).