Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»Hiring & Firing»Headcount drops at Tech Mahindra, hiring to increase
    Hiring & Firing

    Headcount drops at Tech Mahindra, hiring to increase

    HRK News BureauBy HRK News BureauApril 27, 20212 Mins Read4557 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    Tech Mahindra’s workforce has reduced by about 4,182, from 1.25 lakh to about 1.21 lakh over a year. The technology company is all set to give a push to hiring. With many deals in the pipeline, it will spend the next few quarters hiring more talent.

    The firm has its eyes set on double-digit growth, which would require more people on board. It also plans to invest more time and resources on skilling its workforce and getting them ready for the future. The aim is to balance growth and utilisation.

    It plans to implement increments in April 2021 and does not anticipate being impacted by the second wave of the pandemic, which is sweeping across India.

    Going forward, Tech Mahindra is looking at focussing on leveraging the rising demand for artificial intelligence (AI), blockchain, cybersecurity and 5G.

    With new and exciting deals in the pipeline, the Company hopes to see growth and sustain its hiring momentum. It has reportedly posted $1.04 billion in net new deals for the quarter ending March 31, 2021. It has bagged new deals worth $2.21 billion for the year.

    The Company has bagged two clients in the $10-million band and seven in the $5-million band, which makes its active list of clients about 1,007 strong.

    The software services firm reported a 17.4 percent sequential drop in consolidated profit at Rs 1,081.4 crore for the quarter ended March, 2021. In the previous quarter, it posted a profit of Rs 1,309.8 crore.

    Meanwhile, the firm has announced a special interim dividend of Rs 15 per share, to be paid by August 11, 2021.

    5G artificial intelligence blockchain Cybersecurity Hiring software services Tech Mahindra
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    4 × one =

    Related Posts

    1000+ to be let go in Microsoft’s third round of job cuts this year

    June 20, 2025

    The Great Displacement: How automation is reshaping India’s workforce

    June 20, 2025

    Redefining recognition: Why the future of HR leadership lies with rising stars

    June 12, 2025

    Software development, digital marketing and accounting emerge as top roles for AI interviews

    June 11, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    The Great Displacement: How automation is reshaping India’s workforce

    June 20, 2025

    How corporate prejudices are strangling innovation in the workplace

    June 19, 2025

    Psychological safety: the new superpower in winning the talent war

    June 18, 2025

    How entitlement is quietly reshaping the modern workplace

    June 18, 2025
    Latest Post

    Accenture elevates Kate Clifford to global chief leadership & HR officer

    Movement June 20, 2025

    Kate Clifford has been elevated to global chief leadership & human resources officer, Accenture. She…

    AIITEU calls TCS’ bench time cap an ‘anti-worker policy’

    Injustice June 20, 2025

    The Resource Management Group (RMG) at Tata Consultancy Services (TCS) had announced a new policy…

    Employee sues US bank for violating rights, causing mental trauma

    Injustice June 20, 2025

    Truist Bank in North Carolina is facing a lawsuit filed by a former employee, Debra…

    It’s official! Vinay Razdan, CHRO of HDFC Bank has resigned

    Movement June 20, 2025

    Vinay Razdan, who had joined HDFC Bank as chief human resources officer in October of…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.