Remaining bullish about the macro-economic environment, Tata Consultancy Services (TCS) has increased its hiring target of FY’14 from 45,000 to 50,000.
“Of the extra 5,000 we are yet to decide if we want to do off campus hiring or laterals,” said Ajoy Mukherjee, executive VP and global head, human resources, TCS. TCS is the only tech firm which is still hiring in large numbers from campuses.
At a press conference, he said the company has hired 17,362 (gross) employees in Q2. It had hired 10,611 people in Q1. TCS’ plan to increase hiring comes amidst a series of gloomy news on the macro front, including quarterly domestic growth falling to four-year lows and job lay-offs in many segments. The slowdown has led many companies to ‘right size’ either through employee retrenchment or freezing new hiring.
In the US, TCS hired 600 employees, including more than 150 trainees in the recently concluded quarter.