Top four IT firms report 50,000 fall in headcount over last year
IT companies have reported a combined headcount drop of 50,875 at the end of the fiscal third quarter from a year earlier.
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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The sector has also been embroiled in a poaching row, with Infosys and Wipro accusing Cognizant of poaching employees. Wipro sued two people – former chief financial Officer Jatin Dalal and executive Mohd Haque – after they joined Cognizant. Infosys, not long after, sent a notice to the US-listed rival.
Infosys, Wipro and Tech Mahindra have seen a spate of top-level exits over the past year. While TCS and HCLTech also saw exits, they were fewer in number.
«There's nothing personal or targeted in the way we are dealing with contract obligations. We are sticking to business practice. We've been in this business for 30 years. I know how this works. We only apply those normal terms,” Wipro chief executive Theirry Delaporte said during the company’s earnings press conference Friday.
Infosys chief Salil Parekh recently declined to comment on the matter of poaching.
Speaking about the end of his tenure in 2025, Delaporte said: “It is my responsibility to make sure that we are building the proper succession planning for my role like for every other leadership role in the organisation, and this is what I've been
