No signs of slowdown in attrition at TCS; firm says it has enough hands

TCS which had shared in Q4 of FY22 the hiring target of 40,000 for FY23, said the target remains

Attrition at India’s largest IT services provider Tata Consultancy Services (TCS) continues to rise at a fervent pace.

For the Q1 of FY23, the company reported an attrition rate of 19.7 per cent.

The management said the high number was partly due to the seasonality impact when junior employees opt for higher studies as well as supply-side constraints.

The management added that attrition will see some moderation only in the second half of this financial year.

“On an absolute basis, it is continuing to increase, though on a percentage basis, it is starting to flatten. And, we expect it