The largest IT company in India, Tata Consultancy Services (TCS), announced on Monday that it honoured all job offers. 35,000 new hires were welcomed over the first six months of FY23.
According to a statement from the corporation, 20,000 of these 35,000 freshmen were hired during the quarter of July to September.
Details about TCS hires 35000 freshers in H1 FY23 and claims that all job offers are honoured
TCS, in contrast, had employed 43,000 new employees during the first six months of the previous fiscal year. This figure exceeded 1 lakh in FY22. For FY23, it had set a hiring goal of 40,000 people.
Its headcount increased by a net 9,840 workers during the September quarter, bringing it to 6,16,171. The corporation added 14,136 net new employees during the preceding quarter. TCS’ net addition during the prior quarter totaled 19,690 personnel.
Milind Lakkad, the chief human resources officer of TCS, stated in a statement that the company has honoured all job offers.
“We have honoured all of the job offers we had made, reflecting our ethos of being devoted to our employees. We have been able to increase our business significantly ahead of this quarter’s staff expansion thanks to our investments in capacity building and the organic development of talent. According to Lakkad, “We think that our quarterly annualised attrition peaked in Q2 and should fall off from here, while experienced professional compensation expectations moderate”.
For the three months ending in September 2022, TCS reported an increase in its consolidated net profit of 8.41% to Rs 10,465 crore. The company reported a combined net profit of Rs 9,653 crore for the same three months a year prior in an exchange filing, kicking off the IT sector earnings season.