TCS sees fall in staff attrition, robust demand for IT services: Top exec

India’s top software services exporter Tata Consultancy Services (TCS) expects the rate of staff departures to fall and demand for its services to rise as companies continue with their pandemic-hastened digitisation processes, a company executive said.

More tech talent is expected to enter the job market from startups facing funding crunches, as central banks withdraw stimulus and hike rates, TCS Asia Pacific President Girish Ramachandran told the Reuters Global Markets Forum on Monday.

“Money is becoming more and more dear. There is nothing like free money out there any longer,” he said, adding that those attracted by startups over the last few years “will have to look for (other) options.”