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Automation Reduces Hiring in MNCs by 24%

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The recruitment of leading software exporters TCS, Infosys, Wipro, HCL and Cognizant came down by 24% in 2015 at 77,265, thanks to their automation drive. The decrease in net additions was led by Cognizant Technologies with 74%, followed by HCL Technologies with decline of 71%.

“Software vendors across the pack are focusing on automation and we believe that FY16 will be an inflection point. We see rapid scope for vendors improving efficiencies through expanding automation across multiple projects and service lines owing to sheer competitive pressure. The result is that these five companies have net added 24 per cent fewer employees in 2015,” the report from Centrum Broking notes. Read more

Sweekar S

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