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LOGGING OFF

India’s IT giants are shedding thousands of jobs as they enter “survival mode”

An employee of Tata Consultancy Services (TCS) works inside the company headquarters in Mumbai
Reuters/Danish Siddiqui
Letting go.
Ananya Bhattacharya
By Ananya Bhattacharya

Tech reporter

Indian IT bigwigs have shed people in thousands in the last three months.

The staff headcount at the largest player in the sector, Tata Consultancy Services (TCS), fell by over 4,700 between March and June, when coronavirus started gripping the country. Rivals Infosys, Wipro, and Tech Mahindra, too, posted a decline in net employee headcount.

Overall, five of the biggest firms in the $200 billion industry lost nearly 11,000 employees.

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