Tata Consultancy Services (TCS), the country’s biggest IT services company, has lifted the freeze on lateral hiring (employing experienced people from industry) it had imposed in the last quarter of 2019-20 financial year.
The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.
“We are looking forward to the demand environment, and (have) decided to selectively open up on lateral hiring, apart from onboarding new associates into the ecosystem,” said Rajesh Gopinathan, chief executive officer and managing director, TCS.
TCS gave 40,000 campus offers last year, but the onboarding is expected to be deferred as colleges are yet to conduct the final semester exams amid the pandemic. TCS said it would honour all the offers.
“Top IT firms have large contracts that are getting renegotiated and some are temporarily frozen. The September and December quarters are when hiring picks up.