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Top four IT firms report 50,000 fall in headcount over last year, ET Telecom

IT Firms: Over the year, the headcount at India’s largest software services firm, TCS, dropped by 10,669. Infosys reported a 24,182 reduction, while Wipro posted a 18,510 fall. At HCLTech, the number increased by 2,486 ....

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HCLTech: Diversified R&D and generative AI key to future growth, says HCLTech's C Vijayakumar

In the absence of an immediate resumption in the expenditure cycle, HCLTech would harness deal conversions, a diversified R&D portfolio, and rising demand for generative AI to boost both its top and bottom-lines in the near term, Vijayakumar said in an interview. ....

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HCLTech Q3 results: Net profit jumps 6% YoY, reduces revenue growth guidance

During its Investor Day in December, the company’s management said it was seeing higher-than-expected furloughs, with BFSI and hi-tech being the problem areas ....

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Byju's valuation cut yet again; HCLTech, Wipro earnings a mixed bag

Happy Friday! Beleaguered edtech company Byjus valuation has been slashed again – this time to $1 billion – by BlackRock, the worlds largest asset manager. This and more in todays ETtech Top 5. ....

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HCLTech bucks industry trend, headcount up by 3,617 in Q3FY24

HCLTech’s attrition for Q3 stood at 12.8 percent compared to 14.2 percent reported last quarter. This is the lowest attrition for the company since Covid quarter in 2021 ....

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