As of the first half of FY24, all the four companies cumulatively lost around 39,000 employees. This is a significant drop in headcount, compared to the first half of last fiscal, when these companies together added 81,650 people
"HCLTech is pleased to announce the signing of a new mega deal with a Global 100 corporation today. We expect this deal to have a positive revenue impact over the next six years beginning in November 2023 with an estimated new total contract value of US$ 2.1 billion over the term," the company said in an exchange filing.
The steep decline in pay is due to the long-term incentive, which HCLTech pays out at the end of two years. C Vijayakumar will receive the LTI for FY22 and FY23 at the end of FY24.
IT services major HCL Technologies on Monday said it is hiring 1,000 technology professionals from the fields of digital transformation, cloud, artificial intelligence and cybersecurity in the United Kingdom. In a statement, HCL Technologies said it is hiring 1,000 technology professionals to support its clients in the UK and around the world. The company plans to hire these professionals in the fields of digital transformation, cloud, artificial intelligence and cybersecurity for its London, Greater London and Manchester offices, it added. HCL has been present in the UK since 1997 and its UK operation currently employs over 3,500 people across various locations, supporting more than 50 clients.