Capgemini Has Been On A Hiring Spree In India, Adding 35,000 New Employees In The Past 12 Months
November 3, 2022: French IT consulting firm Capgemini has 358,400 employees globally, and India is its largest location, accounting for more than 50 percent of the total.
French information technology (IT) giant Capgemini is in hiring mode in India, as the company has hired 35,000 employees in the past one year, taking its workforce in the country to around 185,000 employees.
It is important to mention in this context that it was the highest net addition in the last three years and in the last two years it employed approximately 50,000 people in India.
Currently, the IT consulting firm has 358,400 employees globally to provide outsourcing services to clients, with India being its largest location accounting for more than 50 percent of the total.
Citing sources, ToI reported that the campus recruitment season is underway and it is likely to close the year with a somewhat higher employee base.
Earlier this year, Capgemini India said it would hire 65,000-70,000 people in the 2022 calendar year, a mix of freshers and lateral hires.
In India, Capgemini has 13 offices in Bengaluru, Chennai, Bhubaneswar, Coimbatore, Gandhinagar, Gurugram, Hyderabad, Kolkata, Mumbai, Noida, Pune, Salem and Tiruchirappalli.
According to the latest Jobs Jobspeak Index, hiring in the Indian IT sector fell by 18 percent in October compared to last year. IT companies like Tata Consultancy Services (TCS), Infosys, Wipro and HCL collectively hired around 28,836 people in the September quarter, compared to 53,964 they hired during the same period last year.
Capgemini hired 6,300 people in the September quarter, down from 11,400 in the corresponding quarter.
In a recent earnings call, Capgemini Chief Executive Office (CEO) Ayman Ezzat mentioned that he sees a tighter cash environment associated with interest rate hikes. “On net hiring, we will hire fewer people and that is normal.
Based on the resignations we have in India and in Q4, in Q3, it’s going to be much lower. We don’t need to hire more.
We don’t need to hire more and are starting to look at operational optimization and utilization and that’s an opportunity to tighten up operationally,” Ezzat said during the investors’ call.
Freshers, who were offered jobs by Capgemini, are posting online that they are yet to be onboarded and the company is not clarifying the same. Many large IT companies have deferred onboarding.
According to the daily, Capgemini India said: “We will honor all letters of intent issued to candidates. Our onboarding process is aligned with client requirements and is staggered periodically to factor in project schedules while also providing new joiners with access to appropriate training.
Our recruitment and training teams continuously engage with selected candidates during this time to ensure they refresh basic skills and are equipped to tackle training once onboarded.
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