Total Employees In TCS, Infosys, Wipro Reduce 1st Time In 10 Years: These Jobs At Maximum Risk Now
The headcount at some of the leading IT companies is estimated to have reduced by a net 9100 during the April June quarter.
Same time last year, it was a completely different scenario – there was a rise of 22,622 in the April June quarter of last year.
TCS, Infosys, HCL Technologies and Wipro Observe Reduction on 9100 Employees
Leading IT companies of India, Tata Consultancy Services (TCS), Infosys, HCL Technologies and Wipro have had a huge drop in their workforce – a drain of as much as 9100 employees in the April June quarter. This is the largest ever reduction in employee headcount that the companies have ever seen in a single quarter.
These IT companies make up for more than one-third of India’s software exports of $147 billion and give employment to more than a million professionals, which is about one fourth of the country’s total IT workforce.
At TCS, the decline in Q1 was about 5000, whereas, at Infosys, the decline was about 3000. Wipro witnessed a decline of 1000 employees, while HCL Tech’s net hiring was flat with a decline of 150 people. As per reports, this trend will continue in the same way for the rest of the year.
COVID-19, Attrition, Hiring Reduced: Reasons For Reduced Headcount
Experts have cited multiple reasons behind this, including the canceling of freshers’ onboarding, reduction in attrition, reduction in lateral hiring. Hiring freshers was postponed mainly due to the Coronavirus disease and the lockdown imposed in the country. However, this will be resumed in the second quarter onwards.
Pareekh Jain, the founder of tech consultancy firm Pareekh Consulting, said, “The June quarter sees high attrition as this is when people go for higher studies and shift to new jobs. But it had come down due to uncertainty around the pandemic.”
Another HR services Chief executive, Aditya Mishra, has revealed that the posts of managing people will be at risk and administrative jobs will also reduce. However, those candidates skilled in latest technology and with experience will be hired. Companies will be looking for candidates skilled in Augmented Reality, Mixed Reality, Computer Vision.