Tech hiring slump: Top 5 IT companies see headcount drop by 2,600 in Dec quarter

Quick Summary:

India's IT sector has shifted towards automation, leading to a collective net headcount reduction of 2,587 in the December quarter.

Experts believe this trend will continue, with the IT sector adding fewer employees compared to the previous year.

Major firms like TCS, Wipro, and Tech Mahindra saw workforce declines.

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Article Details

Author / Journalist: Shilpa Phadnis and Veena Mani

Category: EconomyBusiness

Markets: India

Topics: IT companies headcount reduction Indian IT sector trends Revenue productivity in IT Nasscom IT industry outlook HCLTech workforce increase C Vijayakumar insights Infosys headcount growth Covid impact on IT hiring Business news GCCs vs IT firms

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 03:32:11 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25262293

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About Times of India

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