The company had cut down on new hires for the October-December 2022 quarter. At that time 2,197 people were dismissed from their jobs. With this, the total number of employees of TCS company decreased to 6.13 lakh in the December quarter. However, TCS is planning to provide employment opportunities to many people in the near future.
Rajesh Gopinath, Chief Executive Officer and Managing Director of the company, said that although the number of new hires decreased in the December quarter, overall there was no major setback from the previous year. He also said there had been adequate hiring in the previous 18 months. He is optimistic that there will be 1.25 lakh to 1.50 lakh recruitments in the next year.
TCS has provided employment to a total of 1.03 lakh people in the financial year 2022. For the financial year 2023-24, 42,000 freshers have been given job opportunities till December. Out of this, only 7000 people got jobs in the third quarter alone. Similarly, 35,000 people have been employed by TCS in the first six months.
Despite the decline in employment in the previous months, job seekers in the IT sector are happy as TCS has decided to create more jobs in 2023.