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Top It Companies News Today : Breaking News, Live Updates & Top Stories | Vimarsana

job cuts: Top IT companies cut over 72,000 jobs in FY24

The top six information technology services companies in India reported a reduction in their total headcount in the last fiscal year, with only HCLTech adding employees. Factors contributing to this reduction include the economic slowdown, automation, restructuring, and decreased discretionary spending. The drop in headcount reflects the aftermath of excessive hiring during the Covid boom and ongoing industry contraction in demand. However, experts believe that this trend may have bottomed out, and companies could resume hiring, given the strong deal wins announced by most of them, which could push a gradual pickup in growth.

From TCS, Wipro To Infosys, Is WFH Over Now As Tech Firms Make Office Mandatory

Even experts feel that the idea of 100% remote working is gradually diminishing.

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