Headcount in India's top IT firms down by over 16,000
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During the second quarter of FY24, India's top IT firms, Tata Consultancy Services (TCS), Infosys, and HCLTech, witnessed a significant drop in headcount. The combined reduction for these three companies totaled 16,162. This decrease is mainly due to the companies' focus on utilizing their existing fresher talent and not replacing most of the attrition. This trend is likely to continue for other industry players as well.