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TCS, Infosys to hire over 90,000 employees this fiscal
New Delhi, May 18, 2022: With the rising demand of digital skills amid shifting prefence towards hybrid work model, two IT major companies are planning to 90,000 people in this current financial year.
As reported by DNA, top IT companies like TCS and Infosys are planning to hire close to 90,000 people in this current financial year.
While TCS is planning to hire 40,000 employees, Infosys is looking to hire upwards of 50,000.
As for attrition rate, Infosys' rose to 27.7 percent in the March 2022 quarter, up from 25.5 percent in the December 2021 quarter, whereas, TCS' attrition was at 17.4 percent for the fourth quarter of 2021-22, compared with 7.3 percent in the related quarter a year ago.
Both the companies claimed that the numbers are gradually coming down.
"In the last year, we have hired 85,000 freshers across India and globally. We are planning to hire upwards of at least 50,000 (this year) and will see how this plays out but that is just initial figures," Infosys Chief Financial Officer Nilanjan Roy was qoute stating.
Similarly, TCS Chief Operating Officer N G Subramaniam hsaid that the company has started this year with a target of hiring 40,000 candidates.
The Work from Home model continues to serve the IT sector well, which is now planning to implement the hybrid work model.
While TCS shared that it remains committed to adopting its futuristic and path-breaking 25X25 model, Infosys too is aiming to adopt hybrid model of working in the long run.