TCS wants to switch to on-demand hiring owing to increased automation in software delivery processes
This year, TCS had already given out job offers to 20,000 on-campus candidates which had been the same as in the previous year


Representational image. Reuters[/caption]Referring to hiring in the US and other developed markets, he said TCS had been facing challenges as younger generation was not taking STEM (science, technology, engineering and mathematics) subjects as their choice in these markets."We have started two CSR programmes named 'goIT' and 'Ignite My Future' to encourage students in the ninth standard to opt for STEM subjects," he told reporters at a news conference in Kolkata.He said that the problem is a temporary one and the hiring in the US had not gone down.For TCS, it was more cost-effective to give training for re-skilling people in-house rather than hiring from outside."So far, 2.10 lakh people had been trained and skills upgraded," he said.However, Mukherjee ruled out any chances of lay-offs, going forward.In the last quarter of FY'18, TCS' dollar terms growth had been 11.7 percent and margins stood at 25.4 percent, which were lower than expectations rpt expectations due to currency fluctuations, he said.Asked if increased automation would lead to slow-down in the hiring process in the future, Mukherjee said that would be determined by growth.

US jobless claims fall to 187,000, signalling resilient labour market ahead of Fed meeting
NDTA asks Connaught Place shops, offices and restaurants to close by 6:30 pm today
EU slaps Google with $1 billion antitrust fine over Play Store and Search practices
Brent crude flirts with $100, reigniting inflation and forex concerns for India
Can a record May offset a shrunk international schedule and help IndiGo turn a profit?

