HCL Technologies (HCLTech) reduced its workforce by 3,292 employees during the first quarter of FY27, even as the company reported robust financial performance and stable employee attrition.
According to the company’s quarterly disclosure, total headcount declined to 2,23,889 as of 30 June, 2026, from 2,27,181 at the end of the March quarter. Despite the overall reduction, HCLTech continued campus hiring, onboarding 1,056 freshers during the quarter, compared with 1,712 in the previous quarter.
Employee retention remained largely stable. The company’s trailing 12-month attrition rate stood at 12.7 per cent, marginally higher than 12.5 per cent in the March quarter. The proportion of women employees also remained unchanged at 29.6 per cent.
HCLTech said it continued investing in employee engagement and innovation. During the quarter, more than 20,780 employees submitted over 3,600 ideas through the company’s Value Creation Portal, with more than 1,350 suggestions implemented. According to the company, these initiatives generated $159 million in customer-approved value.
The company also strengthened its innovation pipeline by filing 18 patent applications and securing 14 patents during the quarter.
Financially, HCLTech reported a 20.3 per cent year-on-year increase in consolidated net profit to Rs 4,626 crore, while revenue grew 14 per cent to Rs 34,579 crore. Its IT and Business Services segment remained the primary contributor to growth, and the board declared an interim dividend of Rs 12 per share for FY27.
