TCS, Infosys & Wipro add over 13,500 employees in FY25
The Indian IT sector, which has been facing a series of challenges in recent years, has finally shown signs of recovery. The three Indian IT giants, Tata Consultancy Services (TCS), Infosys, and Wipro, have together added approximately 13,553 employees in FY25, marking a significant turnaround from last year’s reduction in headcount.
According to the latest reports, TCS added 6,433 employees, Infosys added 6,388 employees, and Wipro’s headcount went up by 732 in FY25. This significant increase in hiring is a welcome change for the sector, which had been struggling with a sector-wide hiring slowdown and sluggish revenue growth.
The hiring spree by these three IT majors is a clear indication that the sector is recovering from the challenges it faced in the past. The Indian IT industry has been facing intense competition from low-cost countries, automation, and changing customer demands, which has led to a slowdown in hiring and revenue growth.
TCS, which is the largest IT services player in India, has been expanding its operations aggressively in recent years. The company has been investing in new technologies such as cloud, artificial intelligence, and blockchain, and has also been expanding its presence in emerging markets such as the US, Europe, and Asia Pacific.
Infosys, on the other hand, has been focusing on its digital transformation strategy, which includes investing in emerging technologies such as AI, machine learning, and cloud computing. The company has also been expanding its presence in the US, Europe, and Asia Pacific, and has been strengthening its partnerships with key clients.
Wipro, which is the third-largest IT services player in India, has been focusing on its strategy of “Digital at the Core,” which includes investing in emerging technologies such as AI, machine learning, and cloud computing. The company has also been expanding its presence in emerging markets and has been strengthening its partnerships with key clients.
The hiring spree by these three IT majors is also driven by the growing demand for digital transformation services. As more and more companies turn to digital technologies to transform their businesses, the demand for skilled professionals with expertise in areas such as cloud, AI, and cybersecurity has increased significantly.
According to a report by Nasscom, the Indian IT-BPM industry is expected to grow at a CAGR of 7-8% between 2023 and 2028, driven by the growing demand for digital transformation services. The report also predicts that the industry will require over 1.5 million new skilled professionals over the next five years to meet the growing demand for digital transformation services.
The hiring spree by TCS, Infosys, and Wipro is also driven by the need to replace retiring employees. The Indian IT industry has an aging workforce, and many employees are nearing retirement. The industry needs to replace these retiring employees with fresh talent to maintain its growth momentum.
In conclusion, the hiring spree by TCS, Infosys, and Wipro is a welcome change for the Indian IT sector. The sector has been facing a series of challenges in recent years, but the hiring spree indicates that the sector is recovering from the challenges it faced in the past. The growing demand for digital transformation services, the need to replace retiring employees, and the focus on emerging technologies such as AI, machine learning, and cloud computing are driving the hiring spree by these three IT majors.
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