MindTree, like TCS and other IT giants is planning to slash the campus hiring as well as the salary of its trainees. S Janakiraman, President, Group CEO - Product Engineering Services, MindTree said, "Revising salary is the need of the hour. This will bring a change in mindset of employees. We have already revised the variables in the R&D division, and this segment has shown great recovery in the last few months."
The company, which offered jobs to 75-780 students in 2008-09 fiscal, is planning to decrease the number in the next year. Janakiraman said, "To maintain our strong relationship with some prominent colleges, we will keep hiring from the campus, but seeing the affect of slowdown, we are planning to hire lesser number of engineers next year."
However, MindTree is planning to open a bridge office in China by the end of 3rd quarter (December 2009) of the current fiscal for which engineers will be outsourced from India.