TCS Vs Infosys Vs Wipro Vs HCL Tech Employee Count: The IT sector has been resorting to layoffs since final yr as a result of “financial uncertainty” and as a result of this, the number of employees of companies such as TCS, Infosys, Wipro and HCL Tech has also reduced in the March 2023 quarter. However, during the quarter, the attrition rates of major IT companies have also reduced. Here’s the complete comparison of employee strength and attrition:
Tata Consultancy Services
Total Employee Headcount: The total workforce of TCS stood at 6,14,795 as on March 31, 2023. This is lower than the 6,16,171 employees recorded in the September 2022 quarter. The workforce continues to be diverse, comprising 150 nationalities and with women making up 35.7 per cent of the base.
Attrition: The company’s IT services attrition rate continues to trend downwards and was at 20.1 per cent on an LTM (last-twelve-month) basis. In the previous quarter ended December 2022, the attrition rate had stood at 21.3 per cent, which was marginally lower than the 21.5 per cent during the quarter ended September 2022.
Hiring: TCS added a net of just 821 employees during January-March 2023 and 22,600 for the year.
Wipro
Total Employee Headcount: As of March 31, 2023, the company’s total headcount stood at 2,56,921 employees.
Attrition: Wipro’s voluntary attrition during the March 2023 quarter decreased 330 bps from the previous quarter, landing at 14.1 per cent on a quarterly annualised basis and at 19.2 per cent on a trailing twelve-month basis.
Hiring: Wipro added around 5,000 employees, mainly engineers, in the last quarter, said Saurabh Govil, president and chief HR officer. Its CEO and Managing Director Thierry Delaporte said, “We will continue to hire (based on the company’s need). Also, attrition is going down, we need to take that also into account.”
Infosys
Total Headcount: The firm’s whole worker depend as of March 31, 2023, was 3,43,234, which is lesser by 3,611 than the earlier quarter’s 3,46,845 workers.
Attrition: Infosys’ voluntary attrition (LTM – IT companies) stood at 20.9 per cent on a trailing twelve-month foundation, exhibiting a declining pattern. It had reached 28.4 per cent in Q1FY23, which later slipped to 27.1 per cent in Q2FY23.
Hiring: The firm added 1,627 workers within the fourth quarter of FY23 (This fall FY23), which was decrease than the earlier quarter.
HCL Tech
Total Headcount: The firm’s whole headcount stood at 2,25,944 as of March 31, 2023. This is considerably decrease than the 11,100 workers employed within the corresponding quarter final yr.
Attrition: The This fall attrition charge for the quarter stood at 19.5 per cent on the final twelve-month (LTM) foundation, reducing considerably from 21.7 per cent within the earlier quarter and 21.9 per cent in the identical quarter final yr.
Hiring: HCL Tech added a web of 17,067 workers for the fiscal yr 2023, which is considerably decrease than about 57.3 per cent from the 39,900 workers added in FY22. Total brisker addition for FY23 got here in at 26,734. The web worker addition for the full-year FY23 stood at 17,067 as in comparison with 39,900 in FY22.
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