Good News! Top Indian IT Companies To Hire Over 1 Lakh Employees Locally - Report! 

It is BIG News for IT professionals! Large information technology (IT) companies are all set to recruit over 100,000 people locally. 

This big move is made in an attempt to bolster their teams to complete clients’ projects. Especially the ones who have migrated to digital and increased outsourcing to reduce operational costs.

As per Times Now report, currently, IT companies have resumed employing and honouring all campus offers made to the college graduates in 2020. For several IT companies deal volumes rose and a deal pipeline is healthier than before in the current coronavirus-induced disruption. Despite the pandemic, contract recruitment might rise as firms try to cut long-term cost commitments.

Looking into firms who have opened their hiring process, Tata Consultancy Services (TCS) India's largest software exporter stands out as number one. TCS is all set to employ around 40,000 new executives and has continued onboarding freshers and resumed lateral hiring.

TCS, who has a total workforce of 4,48,464 as of March, plans to double its US campus hires to approximately 2,000 this fiscal. Then comes, Bengaluru-based software services exporter Infosys- they will hire more than 20,000 people, while HCL Technologies will onboard 15,000 new hires this year. 

Apart from these big names, many mid-size IT companies had deferred joining dates for freshers this year. As work from home (WFH) has become the new normal many renowned companies are remotely hiring freshers, Times Now further reported.

“There is a lot of pent up demand as companies haven’t been hiring over the last three months. They have been winning new deals and are creating bench capacity,” Kamal Karanth, co-founder, Xpheno, a specialist staffing firm, told Economic Times. 

Days back, Cognizant CEO Brian Humphries stated that the IT company would hire 15,000 freshers in 2020. The US-headquartered company, which has about 2 lakh employees based in India, is planning "of building out 500 incremental revenue-generating sources." 

“The deal pipeline is the strongest I’ve seen in three years, even though deal closures are taking longer,” Tech Mahindra CEO CP Gurnani, told ET.