40,000 New Jobs In TCS: Total Headcount Crosses 500,000

Must Read

How To Leverage On Cold Calling to Help You Win Big In 2021

Cold calling is an old-fashioned sales strategy that involves sales representatives reaching out to prospective customers who have not...

Are You A Gaming Geek: ‘Five Commandments’ Before You Buy Video Games Online !

Does your day start with joysticks instead of coffee mugs? Or as a kid your best friends were the...

With Free Delivery and Zero Surge Pricing, What’s Swiggy Upto?

Be it fancy, hearty meals delivered at door-step or being the savior of late-night food cravings - Swiggy has...

India’s largest IT service company Tata Consultancy Services, aka TCS, will hire 40,000 fresh graduates in campus selection during the ongoing fiscal year. The company has planned to strengthen its talent pool expecting better business to meet the growing demand for its services from global customers.

This is not the first time when TCS has planned to hire talents in India at such a scale. Last fiscal year the company hired nearly 40,000 people to its total workforce in India.

TCS, India’s largest IT services company, reported a 28.5% rise in Q1FY22 net profit of ₹9,008 crores as compared to ₹7,008 crores in the year-ago quarter. The company’s revenue grew 18.5% to ₹45,411 in Q1FY22 ending June 30, 2021.

Advertisements

Fresh Jobs In TCS: Big Picture

  • TCS has reported that the total headcount of the company has crossed 500,000 in FY Q1 2022, ended June 20, 2021.
  • TCS had 488,649 full-time employees as of fiscal year 2021, ended March 31, 2021.
  • Over 40,000 new jobs in TCS would help fresh graduates to have an exciting Kickstart to their careers.
  • The new job opportunities in TCS is not just limited to India alone. The company has planned to hire fresh talent from campuses across the US and Latin America.
  • TCS refuted all the claims about the talent crisis in India due to the flourishing startup scenario. The company believes that India is full of talent and with proper guidance and training every talent can serve up to a satisfactory level.
  • TCS recorded the lowest attrition rate in the last quarter of FY21. With 7.2% attrition rate the company is able to capitalise on trained people for a longer duration.
  • TCS added a net 40,185 new people to its workforce in FY’21, which ended 31 March 2021.

Food For Thought

Despite all claims, the company failed to meet investors’ expectations in 1QFY22. The company’s worldwide revenue grew only 3.9% QoQ and now the pressure is on the management to put up a high growth chart in the remaining quarters in front of investors.

The performance in India wasn’t promising either. TCS lost Rs 350 crore in Indian business on the back of the second wave for the quarter ending June 2021. TCS revenue from Indian operations declined 14% QoQ. While the performance in North America, the core market outside India, reached the satisfaction level with 4.1% revenue growth, India is still far from meeting the expectations level. The second wave in India did the damage and the future market scenario is still quite uncertain amidst the possibility of the third wave.

The expense of 40,000 additional employees is going to keep TCS management on its toes for the rest of the year, for sure.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

The Price of JioPhone Next: Just ₹500 To Take The India Market By Storm

The jaw-dropping price of JioPhone Next seems quite unbelievable, especially at a time when the whole industry is struggling...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter, with a...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one of the...

More Articles Like This