The four largest IT companies of the country, Tata Consultancy Services, Infosys, HCL, Wipro.. are in the same situation. It is noteworthy that these four companies together employed only 1940 employees in the October-December quarter of the financial year 2022-23. This is the lowest in the last 11 quarters. It means that it is not like this even during Corona. Experts say that in addition to international political geopolitical tensions, other uncertain situations are the reason for this.
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In the second quarter of the same financial year, these four giant companies together employed 28,836 people. Now it is worse to fall in 1940. It means that it has fallen by 94 percent. Tata Consultancy Services alone shed 2197 employees in December 2022. At the same time, 435 people lost their jobs in Wipro. The attrition rate has also fallen. That is.. This can be understood by the extent to which the new recruitments in IT have fallen. While the number of employees in Wipro and TCS decreased, 2945 people in HCL Technologies and 1627 people in Infosys increased.
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Generally in 2023, these four giant companies have to hire 15 thousand to 50 thousand freshers through campus interviews. But… the current conditions are not conducive to that. At present, fears of economic recession have increased. This is causing job cuts. It has become difficult to maintain the existing jobs. Giant companies such as Apple, Microsoft, Amazon, Twitter, Meta, Google are also laying off employees on a large scale. In the same order, the push of small companies has become skyrocketing. With this, there are chances of facing similar difficult situations for a few more months.
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3,000 people out per day.. Tension among IT employees.. More difficult times ahead!
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