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Tech winter diet: TCS, Infosys and HCLTech shed weight, reduce employee intake, ET Telecom

Infosys: In contrast, last fiscal, these companies added 70,000 people, while in FY22, they hired 150,000, stoked by a massive demand for digitisation triggered by Covid-19. Since then, a weak macro economy and tapering demand for technology services have cast a pall on the sector, with prospects likely to further weaken after the latest flareup in Israel, experts said. "The top IT majors could end the year with a 2-4% lower headcount at the current rate," said Sunil C, chief executive of TeamLease Digital. ....

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hcltech: HCLTech trims full-year outlook on demand drop

For the fiscal second quarter ended September 30, the company posted an 11% sequential fall in revenue in constant currency terms. Net hiring also fell, but HCLTech said it expects the rest of the year to be “strong”. ....

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Infosys: TCS, Infosys, HCL headcount drops by 16,162

India Business News: The collective employee strength of TCS, Infosys and HCL is down by 16,162, compared to what it was at the end of the April-June quarter. TCS's headco ....

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Campus hiring: IT majors take differentiated stances as headcount declines

Companies maintain that they hired ahead of time, and are only hiring from campuses as required. ....

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TCS, Infosys. HCLTech: Hiring crashes across Indian IT companies in Q2 FY24

Three major IT companies have released their results so far. Apart from financials, Q2 has been a tepid quarter when it comes to hiring as well. ....

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