In the recent April to June quarterly results, IT companies have reported their workforce changes. This article provides a consolidated overview of which firms have increased their headcounts and which have decreased them, reflecting their strategic adjustments during this period and hiring trends for FY25.
| Company | Q1FY24 | Q4FY24 | Q1FY25 |
| TCS | 6,15,318 | 6,01,546 | 606,998 |
| Infosys | 3,36,294 | 3,17,240 | 315,332 |
| Wipro | 249,758 | 2,34,054 | 234,391 |
| HCL Tech | 223,438 | 2,27,481 | 219,401 |
| Tech Mahindra | 148,297 | 145,455 | 147,620 |
| LTIMindtree | 81,650 | 82,738 | 81,934 |
| Q2FY23 | Q1FY24 | Q2FY24 | |
| Capgemini | 349,500 | 337,200 | 336,900 |
| Cognizant | 345,600 | 344,400 | 336,300 |
Below are the companies that have reported the addition of employees in their quarterly results compared to the previous quarter.
- Tata Consultancy Services (TCS)- Addition of 5452 employees
- Wipro- Addition of 337 employees
- Tech Mahindra– Addition of 2165 employees
However, more companies have reported a decline in headcount in their quarterly results compared to those with increases. Below is the list-
- Infosys- Reduction of 1908 employees
- HCL Tech- Reduction of 8080 employees
- LTIMindtree- Reduction of 804 employees
- Capgemini- Reduction of 300 employees
- Cognizant- Reduction of 8100 employees
Speaking during a conference call to analysts, Cognizant, CEO Ravi Kumar S emphasized, “The reason why some of that (headcount reduction and tight utilization rate) is explainable is also because AI and automation are starting to be applied to our projects.”
The comments assume significance in the context of broader concerns about job displacement due to AI adoption.
IT Hiring Trends in Comoning Quarters
The above data indicates that while IT companies are expected to hire over the next 2-3 quarters, hiring activity may remain subdued due to the industry’s current slump in demand.
Despite some companies adding employees, overall hiring trends will likely be muted as firms navigate market challenges and adjust their workforce strategies. This cautious approach reflects the industry’s response to fluctuating demand and economic conditions.
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Moreover, the IT giants in India TCS, Infosys, Wipro, and HCLTech, Tech Mahindra have announced the hiring for freshers in FY25 as below:
Campus Hiring in FY25
- TCS to hire 40,000 Freshers in FY25
- Infosys to hire 15,000 – 20,000 Freshers in FY25
- Wipro to hire 10,000 to 12,000 Freshers in FY25
- HCLTech to hire 10,000 Freshers in FY25
- TechMhindra to hire 6,000 Freshers in FY25
Conclusion
During the April-June quarter, IT companies have shown varying hiring trends. Some firms increased their workforce, such as Tata Consultancy Services (TCS), Tech Mahindra, and Wipro.
However, many companies reported headcount reductions like; Infosys, HCL Tech, Cognizant, LTIMindtree, and Capgemini. This reflects the sector’s mixed response to market demand and strategic adjustments.
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