Home »Editorial »Daily News »India – Fresh graduates look for other jobs as IT companies delay onboarding (LiveMint)Daily News View All NewsIndia – Fresh graduates look for other jobs as IT companies delay onboarding (LiveMint)26 September 2022Tech graduates in India with employment offers from large companies, including Wipro, Infosys, and Tata Consultancy Services (TCS), are scouting for other jobs as onboarding delays stretch beyond six months, reports LiveMint. Technology service providers are one of India's largest recruiters from college campuses, and they went on a vast hiring spree in FY22. Infosys hired 85,000 in FY22, Wipro 17,000, TCS 100,000, and HCL 23,000 campus graduates or freshers in the last fiscal. Increased travel and subcontracting costs, margin pressures and higher costs of work-from-office are prompting companies to absorb new hires at a slower pace. These firms are also trying to improve cost efficiency by reducing annual hikes, variable payouts and slowing the pace of replacement hiring.

Source: Mint September 26, 2022 23:22 UTC