India, Oct. 13 -- Tata Consultancy Services (TCS) gave clarification about its hiring policy in the US. CEO K Krithivasan has confirmed that the company would not be hiring any new H-1B employees this fiscal year, as per a news report.

There will be a gradual reduction in the use of visa-based workers as TCS will now concentrate on hiring talent locally, according to The Times of India report.

Approximately 11,000 of TCS's 32,000-33,000 US workers are currently on H-1B visas. Krithivasan stated in the report that they would employ fewer individuals than the number of approvals annually, even among those who have been granted. He went on to say that H-1B jobs are not meant to be replaced by L-1 visas, which have very specific uses.

The ...