Tata Consultancy Services (TCS), one of India’s leading IT services companies, has been making waves with its ambitious hiring targets.
In a recent update, TCS’s Chief HR Officer, Milind Lakkad, announced the company’s plan to onboard 40,000 freshers by March 2025.
This move comes as the IT industry grapples with talent shortages and increasing demand for digital services.
TCS Steady Momentum: Q2 FY25 Hiring
In the second quarter of fiscal year 2025, TCS continued its hiring momentum by adding 5,726 employees.
This positive trend follows a similar trajectory from the previous quarter, signaling a reversal of the declining headcount trend seen earlier.
Notably, in Q1 FY25, TCS had already turned the tide by adding 5,452 employees after three consecutive quarters of decline.
TCS’s commitment to fresh talent extends beyond immediate needs.
The company has initiated campus hiring for FY26, demonstrating its long-term vision.
Milind Lakkad expressed confidence in their hiring strategy, emphasizing that TCS remains on track for planned trainee onboarding.
The strong talent base and increased learning intensity within the organization position them well for the complex technology transformations entrusted by their clients.
Attrition and Financial Performance
The recent hiring surge is particularly significant considering that TCS experienced its first annual employee reduction in 19 years during FY24.
In that period, the company reduced its headcount by 13,249 employees compared to the previous year.
However, the tide seems to have turned, and TCS is now actively replenishing its workforce.
While the hiring news is positive, TCS also grapples with attrition.
In Q2 FY25, attrition inched up slightly to 12.3%, though it remained lower than the same quarter last year (14.9%).
The company’s financial performance remains robust, with a 5% increase in net profit to Rs 11,909 crore for the second quarter.
Revenue growth stood at 7.6% year-over-year, reaching Rs 64,259 crore.
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