Indian IT giant Tata Consultancy Services (TCS) has announced that it will not cut down on hiring despite the challenges faced by the Indian software industry. TCS Chief Executive K Krithivasan assured that the company will continue to hire as it sees positive signs in the economy. The statement assumes importance as reports suggest a decline in hiring and withdrawals of campus offers from other IT companies.
Indian IT companies are inserting non-compete clauses into freshers’ contracts, but legal experts have deemed them unenforceable in the country. These clauses are used as a deterrent and typically do not go beyond serving a legal notice.
