Looks like India’s IT sector has well managed the threat of Covid-19 with the indication of increased number of hiring in the second quarter of this financial year.
Latest report says that IT giants like Infosys, Tata Consultancy Services and Wipro are showing a strong rebound in net employee hiring during the second quarter. This positive news comes after the improved revenue performance and signing of record deals in the second quarter. of this year
Considering the IT sector, net employee hiring is considered to be a key metric that further shows the bolstering of business.
Compared to the decline of 3,138 employees in first quarter, Infosys’ net employee hiring increased by 975 in second quarter. On the other hand, TCS also recorded a net addition of 9,864 associates in the second quarter compared to the earlier decline of 4,788 in the first quarter when the pandemic exposure was at its peak.