Top 5 Indian IT firms see 79% drop in H1 hiring as TCS faces loss of over 19,700 employees

Despite modest hiring gains by Infosys, HCLTech, Wipro, and Tech Mahindra in the July-September quarter, a steep headcount decline at Tata Consultancy Services (TCS) weighed heavily on the overall numbers. The top five Indian IT services firms added a net total of just 2,686 employees during the period, marred by TCS losing over 19,700 people.
This led to the cumulative net addition of H1FY26 plunge by 79.25 percent from H1FY25. TCS, the country’s largest private sector employer, is in the midst of cutting 2% or over 12,000 jobs globally, in a bid to become more agile and future-ready amid rapid disruptions in technology.
The recovering headcount trends for the remaining four IT majors was driven by strong deal wins reported in Q2, steady demand outlook despite macro economic uncertainties, pressures in some pockets of specific sectors and aggressive push to offer and develop advanced AI solutions.
Read more here.
Report by Debangana Ghosh.

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Despite modest hiring gains by Infosys, HCLTech, Wipro, and Tech Mahindra in the July-September quarter, a steep headcount decline at Tata Consultancy Services (TCS) weighed heavily on the overall numbers. The top five Indian IT services firms added a net total of just 2,686 employees during the period, marred by TCS losing over 19,700 people.
This led to the cumulative net addition of H1FY26 plunge by 79.25 percent from H1FY25. TCS, the country’s largest private sector employer, is in the midst of cutting 2% or over 12,000 jobs globally, in a bid to become more agile and future-ready amid rapid disruptions in technology.
The recovering headcount trends for the remaining four IT majors was driven by strong deal wins reported in Q2, steady demand outlook despite macro economic uncertainties, pressures in some pockets of specific sectors and aggressive push to offer and develop advanced AI solutions.
Read more here.
Report by Debangana Ghosh.

submitted by /u/Moneycontrol [link] [comments]