How did IT firms fare in Q4 hiring?

India’s IT services sector, in which just the top companies employ more than 1.1 million people, is one of the keenly watched sectors when it comes to job creation. In the January-March quarter, the top 5 IT companies saw their headcount go down by almost 8,077 people.

All the IT services companies, except for Infosys, have seen a drop in the attrition level, indicating at the employees looking for job security than the lateral growth. On the other hand, most of the IT companies have frozen their hiring in the wake of economic uncertainty arising from lockdown imposed to battle the pandemic. Here is how the top-five IT companies fared in terms of human resources: