India's major IT outsourcers slow hiring and fret about deal pipelines
Having spent 2022 struggling to retain workers in the face of high staff attrition rates, India's top four IT outsourcers have since slowed hiring and are worried their workers may not have enough to do.
Execs from TCS stated that they are restructuring the firm's operating model to change its cost structure – which included an increased reliance on temporary workers. CEO Rajesh Gopinathan attributed the use of such staff to"various travel restrictions and supply side challenges in the local market."
Chief HR officer Milind Lakkad added that the firm was"honoring all job offers" – an action competitor Wipro has allegedly failed to do.only four days to decide if they wanted to take a 46 percent salary cut in exchange for immediate work placement. The company has also been accused of forcing would-be employees to retake months-long unpaid training before having offered positions honored.that utilizations rates had improved to around 80 percent in the previous quarter.
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