TCS plans to add 30,000 freshers to its ranks to reshape its cost structure

• TCS plans to add 30,000 freshers to its ranks during this financial year.
• TCS hired the highest number of employees in a quarter during Q2 2019 bringing 14,097 employees onboard.
• The company’s current headcount stands at 450,738.

Tata Consultancy Services (TCS) just announced its earnings for the second quarter of the current financial year and even though its quarterly growth remained flat, it plans to add 30,000 new freshers to its ranks before the end of the year.

"When the technology is new or the demand is good, you don’t optimise. But, now that the volumes have started kicking in, we can get younger guys and train them," Rajesh Gopinathan, CEO and MD of TCS, told Business Insider.

Last quarter, TCS hired 40% of the planned 30,000 fresh graduates. "It is a part of the plan to keep costs low," added Gopinathan.

It hired another 14,097 employees this quarter, the highest ever number of employees that have been on boarded by the company in a quarter.

As of 30 September 2019, TCS consolidated headcount stood at 450,738.

"By valuing our employees for the contextual knowledge they possess, and continually investing in equipping them with newer technology skills, we have established an industry benchmark in our ability to attract talent across the world," stated Milind Lakkad, the global head of human resources at TCS.