HCL cuts back on recruitment and campus offers

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Vineet Nayya, CEO HCL Technologies
Noida, Apr 23: HCL Technologies has revealed that it will not be indulging in any campus placements this time in order to cut costs that go into training the newly recruited.

The leading software exporter said it will only hire people 'just in time' of requirement and not maintain a bench. The CEO of the company, Vineet Nayyar has said that HCL has been following the 'just in time' recruitments for some time now and it has paid off well.

"We have hardly made any campus offers...we have moved to the lateral strategy," he added.

Overall headcount of the company saw a decline of 992, to 54,026, from Dec to Mar. In the BPO services segment the headcount has came down to 11,426 from 12,750 in Dec. However, the company maintained that it has not laid off any employees.

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