Top two tech firms shed Gen Z flab, gain silver muscle
Bengaluru: Tata Consultancy Services Ltd and Infosys, India's top two IT services exporters, have seen the share of Gen Z employees as a percentage of their total headcount plunge to the lowest in five years and a decade, respectively, showed an ET analysis.
The share of Gen Z employees — or those aged 30 and under — fell by about 5 percentage points last fiscal at Bengaluru-based Infosys, and by over 2.5 percentage points at Mumbai-based TCS. The trend underscores a tepid IT hiring climate amid industry turbulence, which have impacted onboarding of young talent the most.
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IT bellwether TCS saw its share of young employees (aged below 30) in India drop from 59% in FY22 to 53% in FY23 and then 50.3% in FY24. In FY21 and FY20, it was at 56% and 52%, respectively.
On the other hand, the percentage of senior employees equal to or above 50 years at Infosys has been rising
