Highlight: TCS plans to hire 40,000 freshers in India through campus. Due to this COVID-19 pandemic situation, the company has faced a sharp drop in revenue at the end of quarter month ie. June. Despite, TCS is planning to get his business back and wants to increase the revenue in the second half of the year.
News: The TCS, an Indian IT company will be hiring around 40,000 freshers in India through campus recruitment. The statement from TCS EVP and global HRD head Milind Lakkad said “Our key strategy for building the bottom doesn’t change. The 40,000 (in India) might become 35,000 or 45,000 — that’s a tactical call we will make,”.
Earlier, last year the company has honoured all the 40,000 offers. The report says the freshers will be joining in mid-July. Around 87 percent are already active on their learning platform. The statement from Lakkad said “Some 8,000 to 11,000 recruits undertake online assessments every week. Over 8,000 fresh recruits completed one or more digital certifications before joining,”.
Moreover, TCS is also planning to hire nearly 2,000 this fiscal in the US campus to reduce the dependency on H-1B and L-1 work visas. Apart from engineer candidates, the company is also hiring graduates from the top 10 B-Schools. In the US, TCS is Hiring both the freshers and experienced professionals for key business roles. Lakkad said, “Local delivery is not new to us, we just had to increase the scale,”. TCS has hired over 20,000 Americans since 2014.
Further, TCS is changing its form of distributed delivery. The company is planning and ensuring its employees to realize it’s full potential without spending more than 25% of their time in a TCS office. However, the company is not planning to offload any of its real estate assets. While Subramaniam said, “We need those real estate spaces. But I think what’s interesting for us is the flexibility of the talent pool,”.
Also See: Cognizant Massive layoff: 18,000 employees in India Could Get Fired
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