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Indian IT’s Goal to Hire 1 Lakh Freshers Stands on Thin Ice
- Indian IT firms are focusing on hiring large numbers of fresh graduates despite the challenging market conditions in FY26.
- TCS plans to hire over 42,000, Infosys aims for 20,000, Cognizant for 20,000, Wipro for 10,000, and HCLTech looks to increase hiring frequency.
- Muted revenue growth and AI advancements pose challenges to large-scale fresher hiring in the upcoming fiscal year.
- Past trends show companies like TCS and Infosys recalibrating their hiring strategies based on utilisation rates and project requirements.
- HCLTech and Wipro scaled back hiring targets in previous years due to muted client spending and a cautious approach by clients.
- The industry is cautiously optimistic about the second half of FY26, depending on macroeconomic sentiment in key markets.
- AI and automation are reshaping fresher hiring practices in Indian IT, with generative AI expected to accelerate software development and reduce project timelines.
- AI disruptions in IT services are seen as different from previous technological shifts, prompting firms to be more proactive and innovative in revenue categorisation and new business creation.
- Companies are prioritizing strengthening talent pyramids for long-term cost optimization and profitability despite the cautious sentiment across sectors.
- The impact of AI on fresher hiring remains a topic of uncertainty, with some optimistic and others tying hiring decisions to project visibility and demand.
- The coming quarters will determine if the intent to hire translates into action amidst a changing landscape influenced by AI and evolving market dynamics.
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