The big IT shake-up: Hiring in GCCs outpaces traditional tech; who gets the job?
Global Capability Centres or GCCs which are essentially specialised offshore units of multinational companies are fast absorbing talent from the traditional IT sector. The trend suggests that India’s GCCs are emerging as an increasingly important engine of technology hiring.
The Indian IT sector is experiencing a significant transformation, with artificial intelligence rendering many traditional roles redundant and necessitating a substantial skill upgrade to remain employable. While traditional IT firms continue to hire and lay off employees, a new segment within the IT sector is gaining traction as a major source of employment: Global Capability Centres (GCCs).
These specialized offshore units of multinational companies are rapidly absorbing talent from the conventional IT sector, as highlighted in a recent PwC report.
According to the PwC report, GCCs have transitioned from providing transactional back-office support to shaping enterprise strategy and outcomes across advanced analytics, product engineering, cybersecurity, AI research and development, and increasingly, global profit and loss responsibilities. This shift suggests that India's GCCs are emerging as a crucial engine of technology hiring, with demand for talent accelerating as companies expand beyond cost-focused operations into technology, innovation, and enterprise transformation.
However, the question arises: Can GCCs absorb talent from all levels that are currently struggling in the traditional IT sector? At what skill and salary levels is hiring taking place? This story delves into the trends and provides insights into the GCCs hiring landscape.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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