tcs: Slowdown hits Indian IT companies’ campus recruitments

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As Indian IT services companies are battling macro uncertainty and tech spend slowdown, they have reduced their campus visits and applied brake on freshers hiring.The IT service business model, which relies on pyramid structure with its base constituting young and less expensive employees, has been shrinking. In FY24, both TCS and Infosys saw the share of young employees in their total headcount plunge to a five-year low and a decadal low, respectively.

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Pyramid optimisation is one of the tools that IT service companies use to boost their operating margins. With experts expecting tech spend revival at the fag end of this fiscal, Indian companies are likely to see an improvement in their share of young mass of employees from next year.

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tcs: Slowdown hits Indian IT companies’ campus recruitments


As Indian IT services companies are battling macro uncertainty and tech spend slowdown, they have reduced their campus visits and applied brake on freshers hiring.The IT service business model, which relies on pyramid structure with its base constituting young and less expensive employees, has been shrinking. In FY24, both TCS and Infosys saw the share of young employees in their total headcount plunge to a five-year low and a decadal low, respectively.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
Indian School of Business ISB Product Management Visit
Indian School of Business Professional Certificate in Product Management Visit
MIT xPRO MIT Technology Leadership and Innovation Visit

P8

Pyramid optimisation is one of the tools that IT service companies use to boost their operating margins. With experts expecting tech spend revival at the fag end of this fiscal, Indian companies are likely to see an improvement in their share of young mass of employees from next year.

Discover the stories of your interest



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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