Persistent Systems to cut campus hiring to one-fourth in FY18

As the IT industry witnesses greater automation and other changes, Persistent Systems has decided to cut campus hires to less than a fourth in 2017-18 and would recruit freshers only as per emerging needs.

"We had made 900 campus offers last year and have decided to do only 200 in FY18," its chairman and managing director Anand Deshpande said.

He, however, was quick to add that this should not be construed as the company hiring lesser number of freshers.

Deshpande explained that campus offers are made nearly a year in advance, before the student passes his course and is ready to join the company. But many-a-time, business environments make companies defer the joining dates.

"We are taking a gamble. We will hire freshers only as per the requirements and feel that the talent will be available in the market," Deshpande said. The Pune-based company is also hiring outside India as well, he said, adding that hiring is happening in the US, Mexico, Israel and Canada.