Thursday, April 25, 2013

Indian IT Firms Sharply Cut Down Engineering Intake

Indian IT Firms Sharply Cut Down Engineering Intake
By SiliconIndia | Tuesday, 23 April 2013, 14:15 IST

Bangalore: IT Firms like Wipro, HCL and Infosys have significantly reduced the number of engineering talent intake. From 5 lakh freshers every year, the numbers have gone down below 2 lakhs due to certain significant reasons.

Though one of them would be the slowdown in global IT demand, the other reason is to move towards ‘sophisticated and complex’ tasks that require skilled engineers as reported by ET.
Wipro’s Senior Vice President of human resource, Saurabh Govil says, “Technology and automation have significantly been minimizing human intervention across industries and this would mean a reduction in fresher hiring in the country.” He also added that companies earlier focused on the supply or people side of investment, but now the move is towards creating more IT demand.

Wipro has drastically reduced the numbers for fresher intake. The firm’s gross employee utilization as of the last quarter was as low as 64.9 percent. Meanwhile, HCL has confirmed that they will not hire freshers this year.

Infosys on the other hand has brought in a new strategy called 3.0 assuming that customers have increased demands and there is a requirement for few skilled people to build and manage solutions to these demands through products and platforms.

Linkage India’s CEO Romi Malhotra says that IT has become an old economic sector for which industries have enough to hire within. Now, there is a need to see a whole lot of freshers moving into niche and specialized areas around gaming, mobility and cloud.

Comment by Anumakonda Jagadeesh

How about those who were selected in the campus selections and yet to get Joining orders?

Dr.A.Jagadeesh Nellore(AP),India

Commented on april 25, 2013

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