TCS Plans to Hire 5,000 Employees More Than Initial Target

TCS' announcement to increase hiring comes amidst a series of gloomy news on the macro front, including quarterly domestic growth falling to four-year lows.

The slowdown has led many companies to 'right size' either through employee retrenchment or freezing new hiring.

However, Mukherjee said that given market conditions and some proactive initiatives it had undertaken, the company had witnessed a surge in joining ratio, which moved up from 69 percent to 74 percent.

Over 6,300 of the trainees have already joined, he said, adding that up to 19,000 of the 25,000 offers made would join during this fiscal.

Refuting media reports, he said TCS is not reneging on any of its commitments and would hire all those who have received offers.

On the hiring in the US, Mukherjee said TCS had hired 600 employees, including more than 150 trainees, in the recently concluded second quarter.

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Source: PTI