TCS headcount falls by over 2,000 QoQ despite improvement in attrition

Tata Consultancy Services reported a fall of 2,197 employees on a sequential basis as the environment of the IT sector is facing macroeconomic challenges.

The Tata Group firm’s headcount stood at 613,974 for the quarter-ended December. It is to be noted that, in the second quarter, the employee addition came in at 9,840 in July—September period— its lowest net new addition in the last nine quarters.