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TCS to hire 60,000 employees this fiscal year

PTI
Published Jul 1, 2015, 6:57 am IST
Updated Mar 28, 2019, 5:07 pm IST
Company to also impart training to existing one lakh employees in digital technologies
TCS is also ramping up investments in the digital solutions space
 TCS is also ramping up investments in the digital solutions space

Mumbai: Country’s largest IT services firm TCS on Tuesday said it will hire 60,000 people this fiscal and impart training to its existing one lakh employees in various digital technologies. The software exporter is also ramping up investments in the digital solutions space.

“Digital is a key stream for us going ahead. We are investing in training all our people. This year, we will be training 1,00,000 people in terms of various digital technologies,” managing director and chief executive N. Chandrasekaran told the shareholders at the 20th AGM here.

 

The company had earlier said it was targeting to take revenues from the digital space, comprising social, mobile, analytics and cloud to $5 billion in a few years. Mr Chandrasekaran, however, declined to give details on the progress on this target, citing the silent period ahead of the June quarter earnings.

Chairman Cyrus Mistry said TCS will be hiring 60,000 people at the gross level this fiscal. It had hired 67,000 people last fiscal and had earlier said it would be hiring 35,000 freshers from campuses.
On the high attrition level of 14.9 per cent in the company, Mr Mistry claimed that TCS’ attrition level is lower than the industry, but was quick to add that a high attrition is a sign that the IT sector is doing well.

 

TCS, which has over one lakh women employees among its total workforce of over 3.14 lakh, has a higher attrition of 15.4 per cent among women employees, Mr Mistry said. He also said the involuntary attrition numbers are small and same as previous year.    

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