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What slowdown? MNC tech firms are hiring thousands

Source | The Times Of India : By Anand J & Avik Das

The Indian IT services sector may be passing through some rough weather with challenges of automation and lower growth rates, forcing many to lay off employees and reduce the rate of hiring+ . But many technology MNCs in the country arecontinuing to hire in large numbers+ . Companies such as Accenture, Capgemini, Oracle, IBM, and Goldman Sachs are hiring in hundreds, some in thousands.

Accenture has 5,396 job openings in India, more than four times the openings in the US and more than 12 times that in Poland and Philippines, its other major hiring locations. French IT major Capgemini has 2,649 job openings for India, 55% of its worldwide hiring, according to the company’s website.

Oracle has 1,124 open positions for India. TOI reported last week that e-commerce giant Amazon was in process of hiring thousands in India.Their website currently lists 1,208 open positions.

Other major hirers include IBM (675 open positions), Goldman Sachs (320), Dell (285), Microsoft (235), Cisco (229), and French bank Societe Generale (185). The openings are periodically refreshed, so the total hiring in a year could be significantly more.

 

The global inhouse centres (GICs) of MNCs in India are growing at 10% in terms of revenue and employ close to 770,000 people, according to IT industry body Nasscom. Consultancy firm Zinnov estimates there are 1,150 MNCs with GICs in India, and puts the employment figure at 815,000 for 2016. It is estimated that the GICs will add an additional 30,000 jobs this year on a net basis (excluding those who quit firms in the category to find jobs elsewhere). About 35% of the GICs are in Bengaluru, and 15% in NCR.

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