TCS to hire additional 10k-12k freshers in current year amid 21% attrition

"Attrition will need at least four quarters to come down to 20%. But the overall number of people leaving the company will come down significantly," said Milind Lakkad, Chief HR Officer of TCS.

IT giant Tata Consultancy Services (TCS) said it was willing to hire at least 10,000 to 12,000 freshers in the ongoing year apart from the 35,000 it onboarded till September 30, as attrition rate remains above 20 per cent.
 

TCS on Monday announced its results for the quarter that ended on September 30. The attrition rate for the company’s IT Services business stood at 21.5 per cent in the last twelve months (LTM). While the top leaders said the attrition may moderate in coming quarters, it was expected to remain higher than the company’s target.
 

“Attrition will need at least