The hiring crises in IT companies were particularly visible during the last quarter of the fiscal year when the banking crises in the US and Europe surfaced
In the March quarter, Infosys’s attrition rate fell to 20.9%, a decrease from 24.3% in the preceding three months, while HCL Technologies and Tata Consultancy Services’ attrition rates dropped to 19.5% and 20.1%, respectively.
According to industry insiders, the top six locations for such talent are India, the US, the UK, Germany, France and Canada which account for 60% of the total active generative AI talent pool.