Wipro plans to hire 10,000-12,000 employees this fiscal year following a six-quarter decrease in employee headcount.
Wipro hired 337 employees in the first quarter and plans to recruit freshers from engineering campuses.
Wipro's Chief HR Sourabh Govil has revealed to media outlets that Indian MNC will be visiting college campuses across the country to hire new talent.
“We will also have done our relationships and partnerships with certain institutes. So we will go for hiring on campus and off campus this year. We also plan to hire a similar number next year. Very clearly we are building muscle so that we are there ready as our growth comes back. Our utilisation rate has reached its peak, so this is the right time for us to look at our supply chain,” Sourabh Govil, CHRO Wipro, said.
Improved demand in some business sectors has spurred job increases, per CHRO.
Tata Consultancy Services (TCS) set a campus hiring target for FY25 last year.
“After a break of a year we have started on-boarding freshers from campus. This quarter we on-boarded around 3,000 freshers. We would be on-boarding around 10,000-12,000 people this fiscal,” said Govil.
Govil said the company will complete all this year's pending offers.
The hiring news comes after Wipro reported Q1 earnings on July 19. The net profit rose by 4.6% to Rs 3,003 crore, while the consolidated revenue fell by 3.8% to Rs 21,964 crore.
Even Infosys plans to hire 15,000-20,000 freshers through campus and off-campus recruitment, marking its first hiring announcement in six quarters.
TCS, Infosys' larger peer, aims to hire 40,000, having onboarded 11,000 freshers in the first quarter.
Social Media Reaction:
Online users are showing mixed reactions to the news announcement.
One user wrote, "Personally know freshers who are waiting for Wipro DOJ... Is this new hiring from colleges or releasing joining letters for freshers you recruited? @Wipro @WiproCareers"
Another user commented, "These companies are not even upgrading their pay scale. And reality is these companies gave max number of jobs in India."A third user replied, "Year 2500 Still TCS, WIPRO, COGNIZENT, hiring freshers for whooping 3.5LPA."