Caution: Campus hiring by Indian IT services giants is in the slow lane

The management of the companies said that excessive hiring in the last few years has meant recalibration of employees as growth dipped

The writing is on the wall.

With the total headcount of the top three information technology (IT) services firms dropping, it seems that campus hiring for 2024-25 by the Indian IT services giants is in the slow lane.
 

As Indian IT services bellwethers grapple with macroeconomic headwinds, the top three players have witnessed a negative headcount trend.  The top three IT services players — Tata Consultancy Services (TCS), Infosys, and HCLTech — saw their total headcount decreasing in unison. TCS saw its headcount reduced by 6,333. Infosys’ headcount decreased by almost 7,500, and HCLTech saw its employee numbers shrink by 2,299.

These