<ul><li>Top four IT companies in India saw a decline of 21,213 employees in Q2 of FY24 compared to Q1 headcount.</li><li>TCS had the steepest decline in headcount, with 6,333 fewer employees, the largest drop in at least five years.</li><li>Infosys, the second-largest IT company, saw its headcount decrease by 7,530 employees, while HCLTech had 2,299 fewer employees, and Wipro saw a reduction of 5,051 employees.</li><li>Wipro's attrition rate fell to 15.5% in the September quarter, while large peers like TCS, Infosys, and HCLTech also saw a decrease in their attrition rates, signaling improved employee retention.</li></ul>

TCS, Infosys, Wipro, HCLTech employee count drops by 21,000 in second quarter

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