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Software majors delete 24,000 jobs across IT and engineering in a year

The Economic Times – IT logo

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Software majors delete 24,000 jobs across IT and engineering in a year

Business News Tech IT Software majors delete 24,000 jobs across IT and engineering in a year

Software majors delete 24,000 jobs across IT and engineering in a year

Over the last one year, Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTIMindtree collectively recorded 92,000 exits, in line with the industry's normal attrition rate of 11-15%. However, with exits outpacing hiring of new employees in the IT and engineering functions in five of the last six months, overall intake over the 12 months fell by 24,422 to 68,000, data from staffing firm Xpheno showed.

Across India's top technology services companies, exits are outpacing new hires in the IT and engineering functions.Over the last one year, Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTIMindtree collectively recorded 92,000 exits, in line with the industry's normal attrition rate of 11-15%. However, with exits outpacing hiring of new employees in the IT and engineering functions in five of the last six months,

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