TCS builds higher bench, increases subcontracting as it prepares for demand
Tata Consultancy Services (TCS) has increased its workforce and subcontracting to prepare for anticipated demand in AI and next-generation skills. The company reported a sequential increase in headcount and emphasized its strategy of balancing experienced talent with fresh graduates.
Why it matters
As a major global IT services provider, TCS's hiring trends serve as a bellwether for the health of the global tech services sector and demand for AI-related expertise.
Tata Consultancy Services (TCS) has expanded its bench and stepped up subcontracting to prepare for an anticipated demand, hiring employees ahead of deployment as new business opportunities materialise.
“As we build future capacity and navigate demand transitions, we have invested in a higher bench and increased hiring of subcontractors to meet near-term skills and delivery requirements,” TCS said at the company’s earnings call.
TCS said subcontracting had increased both in India and overseas, primarily to align available skills with client demand. Asked whether higher visa costs had contributed to the rise, the company said the increase was driven mainly by the need to match skills with demand, though visa costs could have played a part. “Some part of it could be linked to that also, but not completely,” it said.
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