In the wake of coronavirus, many customers have reduced operations and some projects are getting postponed, says C. Vijayakumar.
HCL Technologies' CEO on Thursday said the IT company is expected to get 15,000 freshers onboard in 2020 but it will be placing lateral hiring on hold.
In the wake of coronavirus, many customers have reduced operations and some projects are getting postponed, said C. Vijayakumar who is also the President of the IT services firm.
Lateral recruitment is the process of hiring an 'expert' for a job role that needs to be filled. Vijayakumar said the company's customers are seeking cost reduction in projects for next one or two quarters and that the company is "very flexibe in providing short-term relief".