Thursday, February 13, 2025

Hiring Trends in IT Industry – FY25: Campus, Lateral, GCCs Hiring

The IT industry, a dynamic and ever-evolving sector, faced challenges in hiring in the last financial year. However, Q1FY25 Results have witnessed significant developments in the IT sector.

TCS and Wipro have added a significant number of employees in Q1FY25. However, Infosys and HCLTech reported a reduction in employees in the first quarter.

Total Headcount
CompanyQ1FY24Q4FY24Q1 FY25
TCS6,15,3186,01,5466,06,998
Infosys3,36,2943,17,2403,15,332
Wipro2,49,7582,34,0542,34,391
HCL Tech2,23,4382,27,4812,19,401

Moreover, the IT giants in India TCS, Infosys, Wipro, and HCLTech have announced the hiring for freshers in FY25 as below:

  • TCS to hire 40,000 Freshers in FY25
  • Infosys to hire 15,000 – 20,000 Freshers in FY25
  • Wipro to hire 10,000 to 12,000 Freshers in FY25
  • HCLTech to hire 10,000 Freshers in FY25

Building on this data and momentum, we anticipate hiring to pick up in IT Industry for FY25. SightsIn Plus was recently in conversation with Milind Mutalik, Former Chief People Officer, Accolite Digital.

In this report, we will be looking into the key highlights from the IT industry hiring trends basis our discussion.

Also Watch: TCS & HCLTech Q1Results | Hiring Trends in FY25 for IT Industry, Click Here

Hiring Trends – FY25

In the first quarter of the financial year 2025, TCS experienced a turnaround in hiring. Despite reporting a reduction of around 13,000 employees in the previous financial year, TCS added approximately 5,452 new employees during Q1 2025. Similarly, Wipro added 337 employees in Q1FY25. It is signaling a positive trajectory for the company.

HCLTech witnessed a minor dip in its total headcount during the same period. The current headcount is 2,19,401, reflecting a reduction of around 8,800 employees.

However, this decrease in headcounts is primarily attributed to State Street Corporation’s exit. Overall, HCLTech’s attrition rates remain stable, and when considering this specific context, the headcounts are at par with expectations.

Infosys reported a reduction of 1,908 employees in Q1 FY25, bringing the total to 315,332—a YoY decrease of 20,962 employees.

The outlook provided by TCS’s CEO shows their positive trajectory, even if they’re cautious about making grand predictions at this moment. Starting on a positive note is crucial, and it sets the tone for growth and resilience.

Campus Hiring Trends in FY25

TCS has set an ambitious target to hire 40,000 freshers this year. Milind Lakkad, TCS’s Chief Human Resources Officer (CHRO), emphasized India’s enduring appeal for talent amidst diverse skill requirements and geopolitical challenges.

Also Watch: How Gen AI Transforms Workplace Culture, Click Here

HCLTech also announced plans to hire 10,000 freshers in FY25. The IT giant continues to invest in fresh talent, focusing on offshore transitions and upskilling initiatives, including training employees in generative AI to stay competitive in the evolving tech landscape.

Similarly, Infosys and Wipro have announced the hiring of 15,000 and 10,000 freshers respectively in FY25.

The focus of TCS extends to both on-campus and off-campus recruitment. While HCLTech has hired over 3,000 freshers from campuses, the majority of their hires still come from lateral recruitment. This balance ensures a mix of fresh perspectives and experienced professionals.

Commenting on fresher’s hiring, Milind Mutalik said, “As we analyze the recent developments in India’s IT sector—TCS, Infosys, Wipro, and HCLTech ramping up their hiring commitments—it’s evident that the industry is poised for significant growth.”

Skills in Demand in FY25

Major Indian IT players are investing significantly in employee upskilling, particularly in Generative AI.

TCS collaborates with Microsoft to train 25,000 employees on Azure’s AI suite. They’ve also extended their partnership with Google to train staff on Google Cloud’s Generative AI suite4.

HCLTech’s proof-of-concept AI projects are moving from PoC to production, emphasizing the practical application of AI4.

TCS’s generative AI projects pipeline has doubled to $900 million, reflecting the growing interest in AI solutions5.

Aspiring IT professionals—whether freshers or lateral hires—must focus on mastering future skills. These fields are at the forefront of technological advancements. Handling large-scale data and leveraging the Internet of Things.

Milind Mutalik stated, “Given current order bookings and market demand, AI, Cloud, and Cyber Security skills will see strong demand this fiscal year.”

Lateral Hiring in FY25

On Lateral hiring, Milind said, “In FY25, IT job hiring in India is set to increase due to expanding deal pipelines and cost considerations.”

Specific contracts such as the BSNL deal drive TCS’s commitment to hiring 40,000 freshers. Freshers bring enthusiasm, adaptability, and a willingness to learn. They can be molded to fit project requirements. However, TCS must strike a balance. While freshers contribute to scalability, complex projects often demand experienced professionals.

HCLTech’s hiring approach aligns with the complexity of their contracts. If clients require seasoned experts, lateral hiring becomes crucial. These experienced professionals can hit the ground running. However, maintaining this balance is delicate.

GCC Hiring Trends

TCS’s statement that GCCs have not significantly impacted their business is encouraging. It indicates that the competition isn’t cannibalizing opportunities. While GCCs from the Americas aren’t multiplying, there have been some consolidations. This suggests a dynamic environment where companies are adapting to changing demands.

The consistent demand for GCCs remains in the market. As top IT companies continue hiring, GCCs will play a crucial role. However, the impact of consolidation and evolving business models may alter GCCs’ hiring patterns. They’ll need to strike a balance between maintaining talent and optimizing operations.

Despite challenges, GCCs are positioned to innovate and create new products. Their transition from operations centers to market expansion hubs is promising. As GCCs rise up the value chain, they’ll seek seasoned professionals from product companies, startups, and consulting firms.

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