• Latest
  • Trending
TCS, Infosys,& Wipro cut headcount by 63,000 in FY24

TCS, Infosys,& Wipro cut headcount by 63,000 in FY24

19 April 2024
OpenText and TELUS launch Canada’s first Sovereign AI Cloud platform

OpenText and TELUS launch Canada’s first Sovereign AI Cloud platform

3 August 2025
Posco taps Oracle Autonomous Database to power smart manufacturing and AI-driven growth

Posco taps Oracle Autonomous Database to power smart manufacturing and AI-driven growth

2 August 2025
How to build your first game

How to build your first game

2 August 2025
Amazon Q2 2025 profit surges to $18.2 billion on strong AWS and AI momentum

Amazon Q2 2025 profit surges to $18.2 billion on strong AWS and AI momentum

2 August 2025
LIC Housing kicks off FY26 with 5% profit jump, zero processing fee pushes growth

LIC Housing kicks off FY26 with 5% profit jump, zero processing fee pushes growth

2 August 2025
Trump launches crypto venture to fuel 2024 Presidential run

Indian state-owned oil firms cut Russian crude orders

1 August 2025
Boeing reports $22.7 billion in Q2 revenue amid ongoing recovery efforts

Boeing reports $22.7 billion in Q2 revenue amid ongoing recovery efforts

1 August 2025
PwC’s latest M&A technology platform reimagines the way clients do deals

PwC’s latest M&A technology platform reimagines the way clients do deals

1 August 2025
Turn your idea into an App without tech skills

Turn your idea into an App without tech skills

1 August 2025
LTIMindtree and Adobe launch CraftStudio to power smarter marketing

LTIMindtree and Adobe launch CraftStudio to power smarter marketing

31 July 2025
Top 10 Python skills every developer should learn

The building blocks of Python Syntax explained

31 July 2025
Cognizant beats Q2 guidance, announces $2 billion shareholder return plan

Cognizant beats Q2 guidance, announces $2 billion shareholder return plan

31 July 2025
Sunday, August 3, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

TCS, Infosys,& Wipro cut headcount by 63,000 in FY24

in Technology
Reading Time: 2 mins read
0
TCS, Infosys,& Wipro cut headcount by 63,000 in FY24

DBT Bureau

Bengaluru, 20 April

RelatedPosts

PwC’s latest M&A technology platform reimagines the way clients do deals

HCLTech named a Workday Sales Partner

DCNT Global launches 3GWh battery storage plant in Pune

Indian IT services companies continue to shed employees with a fall in headcount in consecutive quarters.

The quarter ended March 2024 saw a reduction in the employee base of large IT firms including Tata Consultancy Services, Infosys, and Wipro. This was the first time in more than 20 years that these top three firms witnessed a fall in their headcount.

According to the data shared by these three companies, they together saw employee count plunged by 63,759 in the last fiscal year (FY24).

India’s biggest IT services company, TCS’ employee count FY24 dropped by 13,249 employees. In the fourth quarter ended March, there was a loss of 1,759 employees.

Infosys headcount fell sharply by 25,994 employees to take the total count to 3,17,240 in FY24. The employee count fell by 5,423 for the Bengaluru-headquartered company.

For the full fiscal, Wipro’s total employee strength dropped by 24,516 to 2,34,054 as of March 2024. During the fourth quarter, Wipro registered a drop of 6,180 employees.

Importantly, except TCS, both Infosys and Wipro have indicated that hiring is likely to remain subdued in the current fiscal year.

“Our hiring models have changed significantly over the years. We are now doing more than half of the hiring off campus and the rest from campuses. We have not decided yet about the number of campus hiring for this year. We have a headroom to improve our employee utilization levels to around 84-85 per cent from the current 82 per cent. Hiring will depend on demand environment,” Chief Financial Officer of Infosys, Jayesh Sanghrajka has said during the post-results press conference.

Similarly, Wipro has indicated that it would prioritise onboarding to those freshers who have been given offer letters in past years over fresher hiring from campuses this year.

“We are first honouring our offers to those freshers to whom we have given offer letters earlier. So, in fresher hiring front, our focus is to onboard those who have earlier received offer letters,” Saurabh Govil, Chief HR Officer of Wipro has said.

TCS is the only company among the three that is going to campuses for fresher hiring. The company has also kickstarted its National Qualifiers Test through which it selects freshers from engineering colleges across India.

In the coming quarters, all big IT firms are looking at improving their employee utilization levels. HR experts in the know said that the over-hiring done in the post-COVID period is now getting neutralised through the shedding of employees. Unless the demand environment improves, hiring in big numbers will remain a far cry in the Indian IT industry.

Related Posts

PwC’s latest M&A technology platform reimagines the way clients do deals

PwC’s latest M&A technology platform reimagines the way clients do deals

by databiztimes.com
1 August 2025
0

DBT Bureau Pune, 1 August 2025 PwC and its alliance partner, Harvey, have extended access to their latest co-developed technology,...

HCLTech named a Workday Sales Partner

HCLTech named a Workday Sales Partner

by databiztimes.com
9 July 2025
0

DBT Bureau Pune, 9 July 2025 HCLTech, a global technology company, announced it has been named a Workday partner. This...

DCNT Global launches 3GWh battery storage plant in Pune

DCNT Global launches 3GWh battery storage plant in Pune

by databiztimes.com
7 July 2025
0

DBT Bureau Pune, 7 July 2025 DCNT Global, a leader in innovative energy and data center solutions, announced that it...

Tech Mahindra partners with Hanab for IT modernization post-carve out

Tech Mahindra partners with Hanab for IT modernization post-carve out

by databiztimes.com
5 June 2025
0

DBT Bureau Pune, 5 June 2025 Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises...

OpenText and TELUS launch Canada’s first Sovereign AI Cloud platform
Artificial Intelligence

OpenText and TELUS launch Canada’s first Sovereign AI Cloud platform

by databiztimes.com
3 August 2025
0

DBT Bureau Pune, 3 August 2025 OpenText™, an information management company, and TELUS, a communications technology company, reported the launch...

Read moreDetails
Posco taps Oracle Autonomous Database to power smart manufacturing and AI-driven growth
Media Release

Posco taps Oracle Autonomous Database to power smart manufacturing and AI-driven growth

by databiztimes.com
2 August 2025
0

DBT Bureau Pune, 3 August 2025 POSCO, one of the world’s largest steelmakers, has implemented Oracle Autonomous Database to streamline...

Read moreDetails
How to build your first game
Blog

How to build your first game

by databiztimes.com
2 August 2025
0

Athira Sethu Kochi, 2 August 2025 Game development is the act of making video games, and it has various important...

Read moreDetails
Amazon Q2 2025 profit surges to $18.2 billion on strong AWS and AI momentum
Media Release

Amazon Q2 2025 profit surges to $18.2 billion on strong AWS and AI momentum

by databiztimes.com
2 August 2025
0

DBT Bureau Pune, 2 August 2025 Amazon.com, Inc. announced financial results for its second quarter ended June 30, 2025. Net...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?