Tata Consultancy Services (TCS) plans to recruit 40,000 fresh candidates from all over India. Last year also, the IT major had recruited almost equal numbers of fresh candidates. However the situation may be during COVID – 19 Pandemic, they may have some financial crisis but their recruitment plan is executed by them.
TCS also plans to double its US campus placement range up to 2,000. TCS CEO Rajesh Gopinathan last week stated that the firm is selectively opening up lateral recruiting given the positive demand environment.
“We had indicated in the last quarter that lateral would be frozen due to the (Covid-19) uncertainty but honor all outstanding offers issued,” he said at the post-earnings press meet last Thursday. Actually, the coronavirus crisis created a huge impact on the net profit of India’s largest software services exporter fell 13 percent sequentially to Rs 7,049 crore in the April-June period.
In this year not only TCS but also firms such as Capgemini, Wipro, and Cognizant had also recently covenanted to honor all campus recruitments made earlier.
Meanwhile, as per the recent survey of Firstnaukri.com, the campus recruiting has been knocked across 82 percent of colleges in India because of coronavirus. “The pandemic has hit placement prospects of the 2020 batch across 82% colleges. It has further impacted internship offers of 74% pre-final year students,” said SharadSindhwani, Business Head, Firstnaukri.com.
Moreover, the survey depicted those who have job offers, around 44 percent reported that their joining dates have been delayed whilst another 9 percent assured that their offers have been negated. Close to 33 percent said that the employers are not responding to them on the status of their job offers.