IT Firm Synechron To Hire About 1500 Staff

by CXOtoday News Desk    Aug 24, 2017

Hiring

US based mid-tier IT firm Synechron plans to hire up to 1500 over the next one year in Pune as the company looks to double its revenues to USD 1 billion by FY20. “We have 7,500 employees at present and are looking to hire 1,000-1,500 more over the next 12 months,” ET quoted chief executive Faisal Husain as saying. 

The company has its presence in Bengaluru, Hyderabad, and Pune. This move by Synechron comes at a time when the Indian IT is going through a challenging phase including currency insecurities and automation among others.

Husain said that the company is gaining from the moves of its peers, but also said that the rupee appreciation is posing trouble, which may result in staffs being hired at lower salaries.

Synechron grossed a revenue of USD 390 million in FY 17 and aims to increase it to USD 480 million in FY 18. The company succeeded to exceed the 25 percent revenue growth due to its operations in banking, financial services, and the insurance sector, he said.

He also mentioned that the company is benefitting from areas such as digital, artificial intelligence and block-chain technologies.

“All the work we do is on the ‘change’ part, rather than the ‘run’ part, which is leading to troubles elsewhere,” he explained.  Clearly, though there has been a spate of layoffs over a period of time, there has also been some areas which promise new job opportunities.

Digital economy training company Simplilearn highlights that “digital domains such as Big Data, Artificial Intelligence, Internet of Things (IOT), Cloud Computing and Cyber Security” are the new job roles that will dominate the IT workforce.

Roles such as Data Analyst and Project Manager will continue to be in demand but the skills required to perform these roles will witness a shift, the study noted.

There are reports which suggest that analytics jobs have nearly doubled in the past one year and the demand for big data analytics jobs will continue to rise in the coming quarters.

 To stay relevant in their careers professionals should embark on re-skilling and up-skilling themselves. Also, corporates are re-skilling their workforce to walk further into the new era of digitization and automation.