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Hcl tech moneycontrol12/29/2023 “Now we've reached a certain scale on that and we've again started hiring,” he said, on the company’s jump on net addition. HCL Tech was the outlier in this case, with its net addition going from 2,046 to 8,359 - a 4x increase sequentially. HCL CEO C Vijayakumar said in Q3 and Q4 of FY22, the company had a net addition of around 10,000 in Q1 FY23 it was down, as, at the time, the capacity they had built up was getting utilised. Our view is we will continue to look at this situation keeping in mind our large deals, our growth, and what we see in the macro, and make decisions as the macro evolves depending on what the stimulants are,” he said. “We want to make sure that all of these employees are going through the training and getting deployed on these programs. Speaking to Moneycontrol, CEO Salil Parekh said the company had hired over 80,000 college graduates last year and over 20,000 people last quarter, which was a strong addition cumulatively. Infosys on the other hand saw its net addition halve - from 21,171 in Q1 to 10,032 in Q2. This, he said, will continue going forward too. He added that the company knew it would take a while before the talent is utilised, and in the second quarter as well, they followed their strategy of onboarding freshers. Wipro’s net addition saw a steep fall in the July-Sept quarter, adding just 605 employees as opposed to the previous quarter’s 15,446. When asked about the decrease in net headcount addition, Wipro CEO Thierry Delaporte said they had an exceptional volume of hiring in Q1 due to the demand.
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