TCS reports dip in Q4 hiring, full-year attrition cools to 12.5%

India’s largest IT major Tata Consultancy Services (TCS) reported a dip on the hiring front in the fiscal fourth quarter. The company saw headcount decrease by 1,759 since the last quarter, ending the fiscal year at a headcount of 601,546.

In the third quarter, TCS had reported a sequential headcount dip of 5,680. The firm, however, ended FY24 with 13,249 fewer employees compared to FY23, even as revenue grew 3.5% on-year.