TCS to invest $300 mn in Arizona by 2026, create jobs

Information technology services (IT) major Tata Consultancy Services (TCS) said on Wednesday that it plans to invest $300 million by 2026 to expand its operations in Arizona. 

The company will also onboard 220 employees over the next two years to build its customer base.  

TCS currently has more than 780 employees in the state, helping clients in banking, manufacturing, healthcare, and utilities, manage their IT operations and harness technologies such as artificial intelligence, machine learning, and enterprise software to achieve their growth and transformation objectives. The new positions will be based at the Phoenix centre as well as in client offices around the state. 

TCS’ flagship Phoenix Business Center, one of 30 TCS facilities in the US, claims to serve more than 50 customers across Arizona.  

The company has been among the top two US recruiters of IT services talent, hiring more than 21,500 employees in the past five years. With industries looking to recover from the effects of Covid-19, it expects to hire an additional 10,000 local employees in the US by 2022, the statement added. 

“Arizona is excited to see TCS add to its already sizeable presence in the state with the addition of more than 220 new jobs,” said Sandra Watson, President and CEO, Arizona Commerce Authority.  

TCS has been building its presence in the US. Last year, the company unveiled a new facility in Austin, Texas. By 2022, the company plans to add 130 employees in the city in addition to investing $100 million.  

The Covid-19 pandemic-led business transformation initiatives have helped TCS and its peers onboard new customers. In an effort to help clients execute remote projects, the company recently rolled out the fifth version of Jile, its agile DevOps product-on-cloud.