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Decline in Headcount Top Four IT Companies in India Witness a Drop in Employee Numbers in Q2 of FY24

Business BytesBusiness Bytes · 1y
Decline in Headcount Top Four IT Companies in India Witness a Drop in Employee Numbers in Q2 of FY24

The top four IT companies in India, including TCS, Infosys, HCL Technologies, and Wipro, experienced a decline in their workforce during the second quarter of the fiscal year 2024. TCS recorded the largest reduction with 6,333 fewer employees, marking the largest drop in their employee numbers in years. Infosys saw a decline of 7,530 employees, HCL Technologies had a reduction of 2,299 employees, and Wipro witnessed 5,051 employees leaving the company. While the exact reasons are unclear, factors such as economic uncertainties and shifts towards automation and digitalization may have played a role. The companies also focused on improving employee retention strategies.

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