<ul><li>All three major IT companies reported a significant decline in headcount numbers during the second quarter of the fiscal year 2024.</li><li>Tata Consultancy Services (TCS) witnessed a net decline of 6,333 employees on a quarterly basis, with a decrease in headcount both on a quarterly and yearly basis.</li><li>Infosys reported a net fall of 7,530 employees sequentially and has also slowed down on hiring, attributing it to a significant fresher bench.</li><li>HCL Technologies (HCLTech) saw a net headcount decline of 2,299 in Q2 FY24, marking the second consecutive quarter of headcount decline. CEO and MD C Vijayakumar mentioned that freshers hired in the last 18 months were ready to be deployed, reducing the need for new hires.</li></ul>

TCS, Infosys, HCLTech: Hiring crashes across Indian IT companies in Q2 FY24

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