Mumbai, Feb. 11: Tata Consultancy Services (TCS) today indicated that it was sticking to its campus recruitment target of 35,000 in 2015-16.
"We'll stick to hiring plans, no change," chief executive officer and managing director N. Chandrasekaran said on the sidelines of a Nasscom meet.
In October, the Tata group company had announced that it would hire 35,000 freshers from tech schools in 2015-16 against 25,000 this fiscal.
For the quarter ended December, TCS had a headcount of 318,625 and it has added 16,561 employees since then.
Recently, there was speculation of large-scale layoffs at the country's largest IT services firm. However, the company disclosed that 2,574 employees, or 0.8 per cent of its workforce, were asked to leave the company in the first nine months of this year compared with 2,203 in 2013-14 and 2,132 in 2012-13. TCS said total involuntary attrition for this year could be around 1 per cent.
Chandrasekaran did not specify the gross hiring, including freshers and laterals, for the next fiscal.
On industry body Nasscom's target of 12-14 per cent export growth in the next fiscal, the TCS chief executive said the company generally grew faster than the industry, though he declined to give out any guidance.
"We will wait, but in general we've always exceeded the Nasscom forecast," he said.
On client budgets and spending for 2016, Chandrasekaran said the momentum was good for the technology sector, primarily because of of the adoption of digital technology.
Cognizant pact
IT services major Cognizant has inked a pact with US-based retail chain Family Dollar Stores for providing cloud management platform to improve business responsiveness at the latter's over 8,000 stores in the country.
The IT firm has signed a three-year pact with the US-based retailer for its Cloud360, a proprietary cloud management platform, developed on Amazon Web Services for its portal applications.
"This is helping the retailer improve operational performance and cost competitiveness," Cognizant said in a statement.
