TCS Makes 25,000 Fresh Graduates Offers in FY27, Hiring to Depend on Market Demand

Tata Consultancy Services Tightens Hiring Spur as Demand Conditions Remain Uncertain

India's largest information technology company, Tata Consultancy Services (TCS), has made a significant reduction in the number of fresh graduate job offers for the current financial year. According to a recent report, TCS has extended just 25,000 job offers to fresh graduates for FY27, a sharp pull-back from the 44,000 freshers it hired in FY26. This decision has been attributed to the uncertainty in demand conditions, which is expected to evolve in the months ahead.

TCS Chief Executive and Managing Director K Krithivasan has signalled that any expansion in campus hiring will be contingent on the clarity of demand conditions. In an interview with PTI over the weekend, Krithivasan confirmed the numbers and offered a conditional path to more hiring, stating that "We have made 25,000 offers for freshers in FY27. Clarity on demand will lead to more hiring."

The company had consistently hired 40,000 or more fresh graduates annually for at least three consecutive fiscal years, making the current year's offer count a notable departure from that pattern. Despite this, TCS remains committed to hiring fresh graduates, with Krithivasan emphasizing that the company's fundamental delivery model has not changed.

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The focus on freshers is a structural preference for TCS, with Krithivasan acknowledging the operational reality that freshers require considerable investment before they contribute to live projects. However, the company is open to hiring lateral recruits, experienced professionals who can be deployed immediately.

The question of whether TCS might undertake another round of workforce restructuring following the widely reported layoff of at least 12,000 employees in FY26 drew a carefully worded response from Krithivasan. He stopped short of ruling it out, saying instead that people can have "thriving careers" with the company till they perform well. The ingress of AI technologies had nothing to do with the layoffs, according to Krithivasan, who attributed the explanation to structural changes in the way projects are executed.

On the broader business environment, Krithivasan characterised the project pipeline as "stable", before adding that "stable is good". However, the TCS CEO pointed to encouraging signals on the discretionary spending front, with new demand emerging across segments and geographies. The company booked USD 40 billion in total contract value for FY26, with Krithivasan noting that the rate of conversion of new contracts into revenues had also improved.

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TCS has outlined three broad investment priorities guiding its forward strategy, including acquisitions, partnerships, and its own workforce. The company is continuing to scan for entities that would strengthen its capabilities and has recently announced a collaboration with semiconductor giant AMD.

TCS posted stronger-than-expected results for the fourth quarter of FY26, with revenue climbing 9.6% year-on-year to ₹70,698 crore and net profit rising 12% to ₹13,718 crore for the quarter ended March 2026. The company's headcount stood at 584,519 at the close of FY26, marginally up from 582,163 in the December quarter, while attrition edged higher to 13.7% from 13.5%.

TCS has confirmed that wage hikes have been implemented across all grades with effect from 1 April, and the company has outlined its commitment to investing for the future, with those investments ultimately translating into growth.