Tata Consultancy Services (TCS) added 5,725 employees in the July to September period of 2024. The attrition rate, however, was 12.3 per cent, which is slightly higher than the 12.1 per cent in the second quarter. The firm added 11,000 people to its workforce in the first half of 2024-25, and is said to have begun its campus hiring process for FY 2025-26 as per some media reports.
It is pertinent to mention here that there was a significant reduction in headcount of 13,249 at TCS, for the first time in almost two decades, in 2023-24.
In 2024-25, TCS was seen adding about 5,452 people, which took its total workforce strength to over 6.12 lakh by the first half of the fiscal, as per the firm’s financial results.
In January of 2024, the Indian IT multinational was witness to headcount falling for the second consecutive quarter and campus hiring plans clouded by uncertainty. Even then, the company had remained confident in its talent strategy. Its employee base had shrunk by 5,680 in the three months ending December 2023, which had brought the total to 6.03 lakhs. A similar decline had been seen in the previous quarter. At the time, the company had attributed the reduction to maintaining efficiency in a ‘reduced demand’ environment, suggesting voluntary attrition rather than layoffs.
However, it had maintained that the future of campus hiring remained positive and bright, although it had not set any target for freshers in January for the financial year. Milind Lakkad, CHRO, TCS had only said at the time that the hiring would depend on the ‘overall situation’ and the company’s focus on efficiency, indicating that further headcount reductions were not ruled out.
