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IT biggies hit the slow lane on hiring

The industry added 200,000 employees in FY16, compared with 230,000 in FY15. For FY17, employee addition to be around 200,000

Shivani Shinde Nadhe & Sheetal Agarwal  |  Pune/Mumbai 

Increasing use of automation and artificial intelligence seem to have hit hiring in the Indian information technology (IT) services industry, with all the top-tier players hinting at lower recruitments in FY17 and beyond. Tata Consultancy Services (TCS), India's largest IT services provider and also the largest recruiter in the industry, said lateral hiring for FY17 will go down and, subsequently over the years, campus hiring too will. N Chandrasekaran, CEO & MD, TCS, in an interview to Business Standard said gross hiring for FY17 will decline as the company plans to reduce its ...

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