69,167 employees lost in India's top IT firms in FY24 due to muted revenue growth amid global macroeconomic challenges, except for HCLTech's 1,537 additions.
India's top IT firms, including TCS, Infosys, HCLTech, Wipro, and Tech Mahindra, lost approximately 69,167 employees in the last fiscal year (FY24), according to a Moneycontrol report. HCLTech was the only company to add employees during this period, with a net addition of 1,537. The decline in employee numbers is attributed to muted revenue growth in the Indian IT services sector due to global macroeconomic challenges.
April 27, 2024
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