The remarks come as IT organizations throughout the world, including major IT corporations, lay off workers for a variety of reasons.
According to a top executive, Tata Consultancy Services (TCS) is not considering layoffs since it believes in cultivating talent for longer careers after it recruits an employee.
The country’s top information technology services exporter, Milind Lakkad, said to PTI in an interview that it is also looking to attract startup employees who have lost their employment.
The remarks come as IT organizations throughout the world, including major IT corporations, lay off workers for a variety of reasons.
We don’t do that (layoffs), we believe in cultivating talent within the organization (there will be) no layoffs, Lakkad replied in response to a particular query about whether layoffs or involuntary attrition will occur.
He claims that many firms are compelled to take this step because they recruited more than they intended, but Tata Consultancy Services thinks that once a staff member joins, it is the company’s obligation to make them productive and valuable.
When there is a gap between the skill sets necessary and what a person possesses, Lakkad says, the company concentrates on teaching the individual by providing her extra time.
He stated that the corporation, which employs over 6 lakh people, will announce raises equal to previous years.
With a flood of companies laying off employees, particularly in industries like education technology, Lakkad stated that TCS will aim to hire such impacted staff.
It’s a big canvas, and we’re conducting intriguing work across a variety of sectors and technology. All of that, I believe, necessitates the participation of some extraordinary talent. We’re receiving it from startups, clearly, folks who have done some outstanding work in those firms and have short-term career issues, he added.
According to Lakkad, the company is specifically searching for expertise in user experience design, artificial intelligence, numerous parts of cloud computing, and product experience.
In response to a query about whether the December quarter’s drop of almost 2,000 employees was a one-time occurrence, Lakkad declined to say if the March quarter will see an increase or continue to shrink.
He noted that it had employed over 2 lakh individuals in the previous year, including 1.19 lakh trainees who are still going into billable projects, and that the slowdown in new recruitment was the cause of the fall.
According to Lakkad, the firm does not expect large net personnel increases in the next quarter because it is leveraging its previous expenditures.
