FY25 hiring to be better than FY24: TCS' Lakkad

Says firm has begun FY25 campus hiring, given offer letters to 11,000 freshers

- SHIVANI SHINDE

Tata Consultancy Services (TCS), India's largest information technology (IT) services firm, has reported a dip in its headcount in three consecutive quarters.

But, perhaps for the first time, Milind Lakkad, chief human relations officer (CHRO), said the company would continue to hire in the same strength it did in the past.

"Even in FY23 we hired a lot of people from a gross addition point of view. We are saying that FY25 will be better than FY24," said Lakkad in an interview with Business Standard.

However, he refrained from giving the numbers on gross hiring the firm did in FY24.

In Q4FY24 TCS's headcount was down by 1,759 on a sequential basis.

In Q3 the firm's headcount dipped by 5,580. In 2023-24 TCS's headcount was down by 13,249 - the first decline in the last 19 years.

TCS had begun its FY24 campus hiring and given offer letters to 11,000 freshers, he said.