WIPRO FRESHER HIRING
IT hiring slump: Indian IT firms experience drop in average training hours
IT jobs: Training hours at Infosys, Wipro, and Tech Mahindra dropped in FY24 due to fewer freshers and just-in-time hiring, e.g., Infosys down to 74.6. TCS doubled to 87. Richard Lobo anticipates future upskilling. Cost optimization prioritizes billable hours. Despite the 2021 pandemic, the industry grew. Inquiries to TCS, Infosys, Wipro, and HCL went unanswered during the quiet period.
Indian software sector earnings will remain modest in Q1: here’s why
Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on profits and margins as they work to reignite growth.
IT union seeks probe on DXC Technology's 4,800 campus onboarding delays
Data from the IT employee union NITES showed that India’s leading IT firms including Tata Consultancy Services (TCS), Infosys, Wipro and LTIMindtree have delayed joining dates of than 10,000 freshers. Harpreet Singh Saluja, president at NITES said these young professionals well-being and careers are at risk, we have asked the ministry to act as soon as possible.
What's stopping TCS from filling 80,000 open positions?
TCS is facing a challenge with 80,000 open positions due to a skills gap. Amar Shetye, global operations head of TCS's RMG, highlighted the mismatch between employee skills and required roles.
Trouble for techies: Wipro, Infosys and other IT cos delay onboarding of 10,000 freshers, refuse to provide joining date
Tech giants are experiencing a significant decrease in hiring, with companies like Infosys and Wipro postponing the onboarding of new recruits, leaving them uncertain about their joining dates, according to a report by ToI. India's prominent IT firms have deferred the onboarding of around 10,000 freshers who received job offers in the past two years, as revealed by data from the IT employee union Nascent Information Technology Employees Senate (NITES).
IT companies Cognizant, Capgemini hired 1.5 lakh less hands in 2023
Global hiring decline in 2023 impacted major IT companies like Cognizant and Capgemini. Indian IT firms also faced headcount reductions. Everest Group attributed layoffs to Covid over-hiring, while Gen AI influenced hiring decisions.
- Go To Page 1
HCLTech bucks trend again, headcount rises by 2,725 employees
For the full year as well, Noida-headquartered HCLTech added 1,537 employees from overall headcount of 225,944 in March end 2023. Similarly in FY23, HCLTech’s headcount had shown an increase by 3,674 employees.
Tech Mahindra to hire 6,000 freshers in FY25
Total headcount for Tech Mahindra declined by 795 from the previous quarter to 145,455, and falling by 6,945 from 152,400 employees a year ago.
TCS introduces 60% work from office attendance policy for variable pay allocation; Here's how it works
Tata Consultancy Services (TCS) has introduced a revised variable pay policy that integrates employees' office attendance as a key factor. The policy, effective post the company's quarterly results, establishes four attendance slabs dictating the variable pay for employees. Employees working from the office for less than 60% of the time will not receive any variable pay for the quarter, while those with office attendance between 60-75% will receive 50% of the variable pay. Employees attending the office 75-85% of the time will be eligible for 75% of the variable pay, and those with office compliance levels above 85% will receive the full variable pay.
Top IT firms saw wage bills rise 5.5% even as revenue growth dips
IT companies' cumulative wage cost rose by Rs 18,036 crore in the fiscal year. Experts said this was due to continuity in lateral hiring in high-demand areas such as AI, machine learning, and cloud and engineering services, coupled with the salary increments, even though they are in the lower single digits.
Job openings: Entry-level tech hiring takes a hit; campus placements may fall over 50% this year
Over the previous few years, India's IT job market has seen a gradual fall in entry-level positions; this year, a further decline is projected, along with fewer hirings from colleges. Although there have been modest increases in hiring activity, the true momentum could not show up until the second half of the year.
IIM Indore completes final placements with 150+ recruiters making offers to 594 students
Consulting attracted 25% of the total offers, while the finance cohort made up 19% of the total offers. Recruitments in the sales & marketing function formed 19% of the total offers and 12% of the batch opted for IT/analytics roles. 25% of the batch was extended offers for roles in general management, HR & operations.
RBI’s major blow to Paytm; IT fresher hiring at record low
The Reserve Bank of India dealt Patym a severe blow, barring the listed fintech’s payment bank from offering banking services after February. This and more in today’s ETtech Morning Dispatch.
IT campus hiring tumbles to two-decade low
Indian software services companies will end FY24 having hired between 70,000 and 80,000 fresh engineers —the lowest intake in over two decades. The decline in fresher hiring marks a significant climbdown for a sector that was once regarded as the uber force on college campuses.
Top four IT firms report 50,000 fall in headcount over last year
Over the year, the headcount at India’s largest software services firm, TCS, dropped by 10,669. Infosys reported a 24,182 reduction, while Wipro posted a 18,510 fall. At HCLTech, the number increased by 2,486
TCS, Infosys rolls dip 35,000 in subdued Q3
Headcount at TCS, the market leader, dropped 10,669 and that at Infosys by 24,182.
IT freshers beware! Non-compete clauses woven into contracts are unenforceable in India, experts say
Indian IT companies are using non-compete clauses in their contracts to deter new hires, but legal experts argue that this tactic is not enforceable in India. Non-compete agreements, ranging from six to twelve months, are a standard feature of contracts from major Indian IT companies like TCS, Infosys, Wipro, HCLTech, and Tech Mahindra.
Class of 2024: How students can solve their way into employment
Companies from various industries look at these campus competitions to assess engineering talent, according to Unstop, a talent upskilling platform. For example, Flipkart organizes GRiD 5.0, a competition for engineering college students. The winners can get a chance to attend pre-placement interviews (PPIs) and also get pre-placement offers (PPOs).
Campus placements take a hit as IT majors cut back, posing challenges for engineering graduates
Tech majors, once hiring mainstays at engineering campuses, are skipping the exercise this year. ET finds out what this means for the scores of engineers graduating from Indian colleges this year.
Digital India Bill tweaks may torpedo safe harbour; engineering colleges redraw placement strategy
The government is planning major tweaks to the Digital India Bill that will endanger the safe harbour provision given to social media companies with regard to user-generated content published on their platforms. More on this in today’s ETtech Morning Dispatch.
IT firms delay campus hiring on low demand visibility
According to data from TeamLease, the Indian IT sector will hire 40% fewer freshers compared with FY23, when they onboarded 2,50,000 engineers. Usually, by August-September, the IT majors begin their campus placement processes but have been absent from campuses this placement season.
Flood of freshers at IT’s Big Four; Byju’s raises $250M, eyes $500M more
As of the second quarter, IT companies have not indicated any major change in their fresher intake plans for the year except TCS, which has upgraded its fresher hiring guidance from 40,000 to 47,000.
Over 90% of Wipro’s freshers chose lower salary option: CFO Jatin Dalal
In February, Pune-based labour union Nascent Information Technology Employees Senate (NITES) had filed a complaint against the company with the central labour ministry alleging "unethical reduction" in salary offers of more than 4,000 candidates.
Wipro asks some freshers to clear test or face termination, union alleges
The candidates will be tasked to undergo the PRP assessment test as a part of the training which will have negative marking of 0.25 per question. Failure to secure at least 60% post final supplementary attempt will lead to separation action, according to a mail sent to the freshers.
Uber inks pact with Tata Motors for supply of 25,000 EVs; Wipro cuts salary package offered to freshers
Ride-hailing company Uber has signed an agreement with Tata Motors to induct 25,000 electric vehicles (EVs) into its fleet. Uber will deploy Tata Motor's Xpres-T EVs by partnering with fleet operators in Delhi NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Ahmedabad.
Wipro asks freshers awaiting onboarding to take up offers at 50% pay cut
The Bengaluru-based IT major has mailed its Wipro ‘Turbo’ candidates, typically offered Rs 6.5 lakh per annum earlier, the option to take up the lower-paying role (offered to Wipro Elite candidates).
IT firms onboard over 1 lakh freshers in first half of FY23 despite headwinds
H1 FY23 IT fresher hiring exceeds H1 FY22 numbers; companies cut dependency on lateral hiring
Top IT firms add fewer jobs on fears of US, Euro slowdown
TCS, Infosys, Wipro, and HCL together added just 28,836 people on a net basis in the September quarter of FY23, almost half of what they added in the preceding quarter, as also in the year-ago quarter.
Wipro, HCL Tech continue to add employees in Q2
Bengaluru-headquartered software services firm Wipro, which also reported its quarterly numbers today, reported a net increase in headcount of 600 for the quarter ended September, 2022
Load More
