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Leaving the Covid-19 pandemic behind, the four major Indian IT companies Tata Consultancy Services, Infosys, HCL Technologies and Wipro ended the fiscal 2021 on a high note by reporting strong net employee hiring due to some big-ticket deals and rejigging of hiring plans depending upon the deal flow.
The cumulative net employee hiring by the four companies increased by 46 per cent in the fiscalcompared to the previous year with TCS leading with a robust 66 per cent increase, followed by HCL Tech, Wipro and Infosys.
It was a strong comeback during the year. As the pandemic hit the peak in the first quarter, all the four reported negative net employee hirings.
IT majors ‘rebadge’ client employees in large outsourcing deals
February 02, 2021
Continue to expand onshore talent The first quarter of 2021 belongs to India-centric information technology (IT) service providers, including Tata Consultancy Services, Cognizant, Infosys, HCL Technologies and Wipro, as they demand considerable attention at the start of year for their sales motions; talent strategies and avenues to new partnerships and intellectual property, according to report by the US-based research firm Technology Business Research (TBR).
In a return to the old-school tactic of ‘rebadging’ wherein a vendor takes over a client’s IT/Business Process department as part of a deal client employees, India-centric vendors have begun winning large outsourcing deals. This is in part because the pendulum has swung back to clients demanding ‘run-the-business’ which naturally favours outsourcing by low-cost offshore IT services vendors, said the report authored by Patrick