TCS sees net headcount drop for first time in 2 decades ...Middle East

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TCS sees net headcount drop for first time in 2 decades
New Delhi: Tata Consultancy Services (TCS) on Friday revealed that its headcount dropped by 13,249 employees (year-on-year) during the financial year 2023-24 (FY24). This is the first time in 19 years that the leading IT software company witnessed a drop in headcount. The company ended FY24 with 601,546 employees, according to TCS’s stock exchange filing. TCS saw a decrease of 1,759 employees in the fourth quarter (Q4) of FY 2024 (January to March). This marks the third consecutive quarter in which the company’s headcount has declined. In the previous quarter, the number of employees dropped by 5,680 employees (quarter-on-quarter), and in Q2, the company witnessed a net reduction of 6,333 e

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