Smaller tech firms start hiring

Techies rejoice, jobs are back. After the biggies, other tech companies are also starting to hire. Infosys, Wipro and TCS had reversed the trend during the December quarter when they added new employees in large numbers. Other players are now following.

On Friday, Mr John Chambers, CEO of Cisco said that the company’s plans to take up the total headcount in India to 10,000 were on track. Based on the current strength of Cisco in India, this would mean 4,000 new jobs.

Meanwhile, ITC Infotech, the technology arm of cigerette major ITC has said it plans to add 1,800 employees all over India by March next year. ITC Infotech is headquartered in Bengaluru but also has offices in Hyderabad and Kolkata. Cisco too, is based in Bengaluru. Infosys and Wipro added close to 4,500 employees each during the December quarter while TCS added over 7,000 employees. These firms have announced intention to hire another 50,000 in the coming year.

IT major Cognizant had added over 10,000 employees to its rolls in the same period. BPO firms too, have announced plans to resume hiring. Genpact is expected to hire 10,000 over the coming year. Nasscom expects the technology sector to add 100,000 new jobs in the coming year.

Most of the business for these companies is from outside India, and improvements in US and European economies has resulted in better growth prospects.