Infosys, TCS and Wipro to hire 90000 people

It's time to rub off the recession blues because there is finally some good news for the millions of software professionals in India.

Recruitment firms and HR teams at leading IT firms say the sector has witnessed the highest-ever job creation in September, with staff strength growing over 50%, similar to pre-recession levels.

Interestingly, Mahindra Satyam, which is on a comeback trail, plans to recruit some 3,000 by February next year. The company, with some 27,000 employees on rolls, has been hiring fresh talent for the past few months now and has already added 3,000 people during May-July.

News Source: Times of India

On a second thought, a questions crossed my mind do these companies ensure stability of jobs to the massive job-applicants? Or to they get to see trimmed pay-checks and no promotions? :-o