Headcount at TCS, Infosys & HCLTech may fall by 50,000 this fiscal; some Indian IT majors giving campus hiring a miss

Indian IT companies to see reduction in headcount: In contrast, during the previous fiscal year, these companies collectively added 70,000 employees, while in FY22, they hired a substantial 150,000, primarily due to the surge in demand for digitization caused by the COVID-19 pandemic.