Tech Mahindra Recruitment 2022: Tech Mahindra aiming to hire 3000 engineers to fill up fresh IT vacancies in next 5 year

Country’s fifth largest IT services exporter Tech Mahindra announced it will be hiring 3,000 engineers in Gujarat in the next five years.

It was not possible to determine the company’s current employee count in Gujarat right away. The IT giant also signed a Memorandum of Understanding (MoU) with the government of Gujarat under its IT & ITeS (IT enabled policy) on Tuesday to expand its operations around the state and provide employment in the coming years.

The announcement of the hiring is likely to be well-received by IT specialists and engineers, who appear to be struggling with a poor labour market lately. In recent months, a number of IT firms have either stopped hiring new employees or dramatically scaled back their employment plans in response to an anticipated slowdown and potential economic slump.

A handful of businesses have also declared layoffs as they prepare for a tight money market where it will likely be more challenging to raise new cash.

According to CP Gurnani, CEO of Tech Mahindra, “This MoU (with the Gujarati government) would allow us not only capitalise on the opportunity created by the government to advance the development in the state, but it will also enable us to generate employment for local people.”

The agreement will enable the company to address the changing engineering needs of enterprises. Otherwise, the IT industry is going through a difficult period in terms of employment. The number of active jobs in India’s IT sector fell to 210,000 in September from 260,000 in August, according to a report released just a few days ago by staffing and research firm Xpheno. Xpheno stated that “active job volume (had) hit a 17-month low of 70,000 in September, a 36% fall from a year earlier.”

According to a government release, the IT/ITeS policy has resulted in the signing of 15 Memorandum of Understandings with local and international businesses, which will create some 26,750 skilled IT employment opportunities in the state.