COVID-19 impact: headcount decline of 9000 in top 4 IT firms

Top 4 IT firms – TCS, Infosys, HCL Tech, Wipro – in the June quarter saw a net decline of 9K in the headcount. In the same quarter, last year, they recorded net employee addition of 22k. TCS headcount declined to 5000, Infosys 3000, Wipro 1000 and HCL Tech of about 150 people. Freeze in lateral hiring, low employee attrition, performance-related layoffs, delayed fresher onboarding resulted in this decline. Freshers’ hiring won’t be the same as In FY20.

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