HCL Tech Headcount Increases By 2,725 in Q4, Adds 3,096 Freshers; Bucks IT Sector Trend

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Its attrition rate has declined on both year-on-year and quarterly basis to 12.4 per cent.

HCL Tech’s headcount increase comes at a time when its peers TCS, Infosys, Wipro and Tech Mahindra reported decline

At a time when IT companies are witnessing a fall in headcounts, tech major HCL Technologies added 2,725 employees during the January-March 2024 quarter. It is compared with the net headcount decline reported by its peers TCS, Infosys, Wipro and Tech Mahindra.

HCL’s total number of employees stood at 2,27,481 as on March 31, 2024, according to a BSE filing on April 26.

The company also added 3,096 freshers during the March 2024 quarter.

Its attrition rate has also fallen on both year-on-year and quarterly basis to 12.4 per cent. The attrition rate stood at 12.8 per cent in the December 2023 quarter and 19.5 per cent in the March 2023 quarter.

Meanwhile, TCS reported a decline in headcount by 13,249 during FY24, Infosys’ headcount fell 25,994, while Wipro added 24,516 fewer employees in FY24. Tech Mahindra’s headcount also dropped by 6,945.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More

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