Tech Mahindra to hire 6,000 freshers in FY25
Total headcount for Tech Mahindra declined by 795 from the previous quarter to 145,455, and falling by 6,945 from 152,400 employees a year ago.
Total headcount for Tech Mahindra declined by 795 from the previous quarter to 145,455, and falling by 6,945 from 152,400 employees a year ago.
Although no job cuts have been implemented so far, the adoption of generative AI could significantly transform customer support centres, which have traditionally provided employment to thousands of people.
Tata's IT arm and C-DOT, a government agency, will deploy India's first locally developed 4G network solution for BSNL across its entire service area. This involves installing equipment at 38 locations.
IT services major Tata Consultancy Services (TCS) is equipped with one of the largest and most AI-ready workforces in the world, chief executive officer K Krithivasan told employees in an email at the start of the new fiscal.
TCS consulting practice undertook complex digital transformation programs for its customers from strategy, advisory, and operations. The C&SI unit helped clients, such as Versuni (formerly Philips Domestic Appliances), transform their business processes and technology landscape by providing services ranging from strategy and advisory to execution and operations. Under former CEO Rajesh Gopinathan, TCS C&SI was positioned as the “Tip of the Spear” in their go-to-market strategy.
TCS Brazil Country Head Bruno Rocha said the company is aiming to double the number of associates in key areas like cybersecurity, cloud, cognitive business operations, information technology infrastructure services, artificial intelligence and automation.
The US accounts for nearly half of TCS’ revenue and any recovery there augurs well for the Mumbai-headquartered company, which snagged a record $13.2 billion of deals in the previous quarter. A confident-sounding Krithivasan — who will complete a year at the helm of TCS in June — said his agenda now is to bring back growth for the $29- billion company.
For TCS, the headcount decreased by 1,759 since the last quarter, ending the fiscal year at a headcount of 601,546. In the third quarter, TCS had reported a sequential headcount dip of 5,680.
Revenue in North America, which accounts for half of total revenue, slipped 2.3% year-on-year. Revenue from banking, financial services and insurance clients, its biggest vertical, fell 3.2%.
Executives from TCS and Infosys told investors after third-quarter earnings that the market had stabilized and clients were spending on AI-driven projects and software services that helped them cut costs.
Pallia is one of the rare candidates to rise up the ranks to the top within Wipro, which has seen several CEO changes in the last 15 years. Some quick to-dos as he takes charge, experts said, are to boost the morale of the employees of the country’s fourth largest IT services and consultancy firm and reverse senior level attrition.