Source | Scroll.in |
The combined workforce at the three companies dropped by nearly 5,000 in the first quarter of 2017-18.
The staff strength at three of India’s biggest IT companies has shrunk for the first time. According to the fact sheets of Infosys, Tata Consultancy Services and Tech Mahindra, their combined workforce dropped by nearly 5,000 in the first quarter of 2017-18.
Considered industry bellwether, TCS, India’s largest software services firm, saw the number of its total employees reduce by 1,414 in the quarter that ended June this year as compared to the quarter that ended in March.
In the same period, the employee strength at Infosys, India’s second-largest IT firm, fell by 1,811 people. The workforce at Tech Mahindra, the fifth-largest tech company in the country, shrank by 1,713 people.