𝐁𝐢𝐠 𝐒𝐡𝐢𝐟𝐭 𝐢𝐧 𝐈𝐓 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞!
𝐅𝐨𝐫 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐭𝐢𝐦𝐞 𝐢𝐧 𝐨𝐯𝐞𝐫 𝐭𝐰𝐨 𝐝𝐞𝐜𝐚𝐝𝐞𝐬, 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐭𝐨𝐩 𝐈𝐓 𝐟𝐢𝐫𝐦𝐬 - 𝐓𝐂𝐒, 𝐈𝐧𝐟𝐨𝐬𝐲𝐬, 𝐚𝐧𝐝 𝐖𝐢𝐩𝐫𝐨 - have reported a collective drop in their employee numbers. This past quarter, 𝐭𝐡𝐞 𝐭𝐫𝐢𝐨 𝐬𝐚𝐰 𝐚 𝐬𝐡𝐚𝐫𝐩 𝐫𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 63,759 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬.
🔄 𝐖𝐡𝐲 𝐭𝐡𝐞 𝐝𝐞𝐜𝐥𝐢𝐧𝐞? It’s all about optimizing. Amid uncertain market conditions, these companies are focusing on boosting utilization rates and expanding margins. The strategy includes enhancing productivity among existing staff and reducing reliance on bench time.
📉 Individually, 𝐖𝐢𝐩𝐫𝐨 saw the most significant yearly drop, with over 24,000 fewer employees, despite maintaining an attrition rate of 14.2%. 𝐓𝐂𝐒 𝐚𝐧𝐝 𝐈𝐧𝐟𝐨𝐬𝐲𝐬 weren't far behind, with notable reductions in their own teams.
💡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐢𝐧𝐬𝐢𝐝𝐞:
✔️ 𝐈𝐧𝐟𝐨𝐬𝐲𝐬’ 𝐂𝐅𝐎 𝐉𝐚𝐲𝐞𝐬𝐡 𝐒𝐚𝐧𝐠𝐡𝐫𝐚𝐣𝐤𝐚 highlighted a pivotal shift in hiring strategies, moving away from traditional campus hires to a more balanced approach with significant off-campus recruitment.
✔️ 𝐖𝐢𝐩𝐫𝐨’𝐬 𝐂𝐇𝐑𝐎, 𝐒𝐚𝐮𝐫𝐚𝐛𝐡 𝐆𝐨𝐯𝐢𝐥, emphasizes improved utilization and rapid deployment of resources as key to their strategy, especially post the hiring surge seen during the COVID recovery phase.
✔️ 𝐓𝐂𝐒 𝐂𝐄𝐎 𝐊 𝐊𝐫𝐢𝐭𝐡𝐢𝐯𝐚𝐬𝐚𝐧 shared plans to onboard around 40,000 freshers next fiscal year, signaling a continued commitment to growth despite current trends.
🤔 So, what are your thoughts on this strategic pivot in the IT sector?
#techtrends #ITindustry #workforcemanagement #strategichiring #headcount #TCS #Infosys #Wipro #moneycontrol #TechWithMC moneycontrol.com
Senior Engineer - Business Analyst at 3i infotech Ltd
3moReally such a lucky guy 😉😊