TCS planning to hire 60,000 IT employees
Mumbai, India, January 15, 2013: Tata Consultancy Services, (TCS) the IT division of Tata Group is planning to hire around 60,000 employees this year. After releasing its third quarter results for 2012-13, the IT firm has re-iterated its focus to attain further growth this year, which will be majorly contributed by the workforce of TCS. The talk of TCS going on a hiring spree this year comes amidst recent suggestions that top IT companies in the country have seen high attrition rate over the past year or so.
Recently, there were reports that TCS will hire around 16,500 IT professionals by end of FY 2014 at its Rajarhat campus in Kolkata. The said campus will be built in two phases, with the first phase to be completed in the first quarter of 2014 and the second phase by the fourth quarter of the 2014. The first phase will hire work-force of around 7,000 while the remaining 9,500 will be undertaken in phase II.
It needs to be seen whether the 16,500 is being included in the total of 60,000 that was mentioned by N Chandrasekaran, CEO and MD, TCS. TCS has reportedly beaten street expectations during third quarter by attaining growth of around 26.6 per cent.