According to experts, the shift in technology landscape and the resultant change in demand from clients is the major reason for this swing.
“There is a shift in what work clients want and vendors need to think about how they can address that,” Sudin Apte, research director & chief executive officer at Offshore Insights said. “From client perspective they have three major challenges; quality of people working on a project, attrition within the engagement and domain expertise. Among these, domain expertise is one of the biggest challenges.”
While sector heavyweights Infosys and Wipro had remained slow on hiring through FY13 and FY14 amid a slump in business momentum, India’s largest IT services player TCS continued hiring in bulk from engineering campuses during all these years.