The retail giant, which is betting on India’s technology talent, will wait until the process of absorbing the ecommerce company is well underway.
Last year, Rakuten had about 300 employees, which has since grown to about 450. The company’s chief information officer said that more employee growth was on the cards.
TCS convinced US jury it has invested in building talent in the US and has created 17,000 US jobs
This was the first of several such cases against Indian IT. HCL, Infosys and Wipro also face similar claims.
If it goes against TCS, it might spur settlements in other cases,” an industry executive said, declining to be identified. TCS had not responded to a request seeking comment at the time of going to press.
The Teaneck, New Jersey-headquartered company shared this information on its first ‘analyst day’ held earlier this month to provide greater clarity to investors.
Tata companies are likely to continue hiring tech talent to accelerate “driving digital adoption”.
The San Jose-based IT outsourcing firm is on track to clock $650 million in revenue for the current fiscal and is growing at over 24% organically.
To get here, Indian IT companies have had to change every part of their process—even becoming less Indian.
Cognizant's chief people officer said all attrition was not the same and that the company has put measures in place to target groups of employees who might leave.
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