Tech giant Tata Consultancy Services (TCS) will be hiring 42,000 engineering freshers from engineering colleges this year. The company plans to maintain its campus hiring momentum, and the new hirings will be consistent with previous year’s commitment.
In the fourth quarter of Fiscal Year 2024-25 which ended in March 2025, TCS added 625 employees, taking its total headcount to 6,07,979. In the entire financial year 2024-25, TCS recorded a net gain of 6,433 employees. This is a significant turnaround from the previous year’s net loss of 13,249 employees.
Employee attrition rose slightly to 13.3% in the last quarter of FY25, up from 13% in the preceding quarter.
Meanwhile, TCS has delayed its annual salary hikes, which were set to roll out in April, citing ongoing macroeconomic uncertainty and concerns regarding the evolving US tariff landscape.
TCS Hiring: What Else For The Company?
K Krithivasan, chief executive officer (CEO), said that the company is already witnessing signs of stress in its clients’ spending patterns. He said, “there will be delays in discretionary spending if this continues.” Furthermore, Krithivasan also highlighted the project delays and slower ramp-ups as clients reassess their budgets in light of pending tariffs.
There is no clear date announced for the salary hikes. However, executives from the company announced at a press conference on Thursday that salary increases would be implemented later in the financial year, once the environment stabilizes and the company gains clearer visibility.
Despite annual salary hikes being suspended, the company will proceed with quarterly variable payouts. For the fourth quarter, 70% of employees will receive their full eligible variable pay. Moreover, the remaining employees will receive variable compensation based on the company’s business performance.
Notably, TCS has reported a net profit of Rs 12,224 crore for the fourth quarter of FY25, a 1.7% decline from Rs 12,434 crore in the same quarter of FY24. However, the company’s revenue for the quarter showed growth, increasing by 5.3% year-over-year to Rs 64,479 crore. For the entire financial year, TCS reported a net profit of Rs 48,553 crore, representing a 5.8% increase.
