Wednesday September 18, 2019
Home Lead Story TCS, Infosys ...

TCS, Infosys Increase Hiring by 350% in FY19

The Indian IT industry is expected to add around 2.5 lakh new jobs this year, according to a TeamLease Services report

0
//
infosys
The partnership aims to re-imagine the tennis experience for the fans and the players globally, according to a statement. Wikimedia

Amid a slowdown in job growth across sectors, IT services major Tata Consultancy Services (TCS) and Infosys hired about 42,000 more techies in the recently concluded fiscal 2018-19 than it did in the previous fiscal, registering a growth of over 350 per cent in new hiring, a media report said.

While Mumbai-headquartered TCS hired 29,287 employees in the financial year ending on March 31, Bengaluru-based Infosys added 24,016 software professionals, Fortune reported this week.

So together these two companies added 53,303 employees in the 2018-19 financial year, while they hired just about 11,500 employees in the 2017-2018 financial year.

TCS hired 7,775 employees, while Infosys added 3,743 employees in FY18, the Fortune report said, suggesting that the momentum of hiring in the $167-billion Indian software services industry has started picking up.

Employees walking infront of Infosys office.

In 2019, IT firms are likely to hire professionals with expertise in data science, data analysis, solution architects, product management, digital marketing, Machine Learning and Artificial Intelligence (AI), Blockchain and cyber security, according to experts.

Also Read- Reliance Jio Leading Subscribe Market Share: Report

The Indian IT industry is expected to add around 2.5 lakh new jobs this year, according to a TeamLease Services report.

“Investments in IT re-skilling will increase by around 20% in 2019,” said the report on “IT hiring projections for 2019”. (IANS)

Next Story

Infosys Opens Technology Centre in Arizona, to Hire 1,000 Techies: Report

“Infosys’ commitment to Arizona and learning speaks of the strength of talent in our community. We welcome it as a partner that will boost our competitiveness in the global economy,” said ASU president Michael Crow

0
Office building of Infosys.

Global software major Infosys has opened a technology centre at Phoenix in Arizona, US, to accelerate innovation for its American enterprises.

“We will hire 1,000 American techies over four years to work at the centre in the southwestern state for the local enterprises,” said the city-based IT behemoth in a statement, here on Saturday.

Arizona Governor Doug Ducey inaugurated the centre in the presence of state officials, company executives, employees and representatives of a few enterprises.

The centre, housed at the Arizona State University (ASU), will focus on autonomous technologies, Internet of Things (IOT), full-stack engineering, data science and cyber security.

“Our investment in the centre will attract local and global talent. Hiring is underway to recruit around 500 techies by 2020 and reduce the IT skills gap in the state,” it said.

Infosys Chief Executive Salil Parikh said the Arizona centre, the company’s sixth of its kind in the US since 2017, was set up to help local enterprises go for digital transformation at the earliest.

“The centre allows us to collaborate with our clients across the country in an agile manner,” said Parekh.

Employees queue up infront of Infosys office.

The centre will also leverage and empower the workforce to bridge the skill gap in the market and accelerate the digital agenda of its clients.

“Our focus will be on harnessing, modelling and scaling a new model for workforce development in the US, where the private sector has a key role to implement it (model) or learning and on-the-job training,” said company’s president Ravi Kumar.

The centre boasts of living labs, showcasing prototypes in virtual reality, augmented reality and robotic technologies and will help foster co-creation, training and collaboration.

Lauding Infosys for foraying into the state, Ducey said its presence reinforced Arizona’s reputation as a tech hub and one of the best places to relocate and expand.

Also Read: 2 Big Asteroids Flying by Earth Pose no Risk: NASA

The centre will allow the company to develop cross-functional solutions to pressing business challenges in machine learning, artificial intelligence, user experience and advanced digital technologies, such as big data and cloud.

As part of its commitment to workforce development and bridging the STEM (Science, Technology, Engineering and Mathematics) skill gap in the US, the $11 billion outsourcing firm also announced a partnership with InStride to allow its employees complete degree programmes and education courses through ASU.

“Infosys’ commitment to Arizona and learning speaks of the strength of talent in our community. We welcome it as a partner that will boost our competitiveness in the global economy,” said ASU president Michael Crow. (IANS)