BENGALURU: LTM (formerly LTIMindtree) has significantly ramped up its fresher hiring by 40% in FY26, while simultaneously expanding the deployment of AI agents across its workforce. The company also increased its reliance on subcontractors in overseas markets and adopted a calibrated salary hike strategy amid ongoing macroeconomic uncertainty.
Fresher Hiring and Talent Pipeline
The IT firm onboarded more than 6,700 freshers during the 2025-26 fiscal year, strengthening its talent pipeline across key capabilities. This aggressive hiring reflects the company's commitment to nurturing young talent and preparing for future growth.
AI Agent Deployment
LTM deployed over 1,500 AI agents internally during the fiscal year. These AI agents are designed to improve employee productivity and operational efficiency at scale, enabling the company to streamline processes and reduce manual workloads.
Subcontracting Expenses Rise
Subcontracting expenses rose sharply to Rs 3,236.9 crore in FY26 from Rs 2,631.2 crore in the previous year. The increase was driven by a higher subcontractor headcount and rising overseas subcontracting costs due to rupee depreciation.
Workforce Mix and Onsite Trends
The company's workforce mix reflected changing onsite hiring trends. In the US, full-time employee count declined marginally to 7,454 in FY26 from 7,517 a year earlier, while subcontractor numbers rose to 1,324 from 952. Similarly, in Europe, employee headcount dropped to 1,381 from 1,735, whereas subcontractors increased to 290 from 227.
In India, both permanent employee and subcontractor numbers increased during the year. Employee headcount rose to 77,855 from 73,801 in FY25, while subcontractors increased to 2,650 from 2,097. Overall, the company's total permanent employees, excluding subsidiaries, stood at 87,950 as of March 31, compared with 84,307 a year earlier.
