TCS Headcount Comes Down By 2,197 Employees During Q3FY23; First Decline Since June 2020 Quarter
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Edited By: Mohammad Haris Last Updated: January 09, 2023, 18:55 IST TCS has announced its Q3FY23 results. (Photo: News18 Hindi) TCS' IT services attrition rate stood at 21.3 per cent during the December 2022 quarter, which was marginally better 21.5 per cent in the previous quarter India’s largest IT services company TCS’ headcount during the December 2022 quarter fell by 2,197, according to its regulatory filing on Monday. Its workforce strength as of December 31, 2022, stood at 6,13,974. However, the attrition rate of its IT services segment stood at 21.3 per cent during the December 2022 quarter, which is marginally better than 21.5 per cent in the previous quarter. TCS headcount has declined for the first time in 10 quarters. A contraction in the company’s net employee addition was last seen in the June 2020 quarter, which was the first full quarter after the pandemic was declared in March 2020. Milind Lakkad, chief HR Officer, said, “Our focus over the last few qua...