Indian IT staring at anaemic hiring

BENGALURU: Accenture merely added 951 people in the fourth quarter and for the 2023 fiscal, its headcount dropped by 4,900.

Accenture’s muted net addition might have a rub-off effect on Indian IT with the September quarter earnings season beginning next week. A weak demand scenario could trigger a hiring degrowth for some of the Indian IT companies until discretionary spending picks up pace.

TCS added a mere 523 employees in the June quarter, the only company among the top four with a net addition during the last quarter.