In a first in 10 quarters, TCS’ net hiring declines in Q3

For the first time in 10 quarters, Tata Consultancy Services (TCS) has reported a decline in net hiring during the October -December 2019 quarter ― an indication that India’s top IT company is tightening its operations. The total number of employees at the end of the 2019 quarter was 4,46,475, against 4,50,738 — a decline of 4,263 people.

The previous such decline in net hiring was witnessed in the first quarter of 2017-18 when TCS closed that quarter with a total employee strength of 3,85,809, against 3,87,223 in the previous quarter ― a drop of 1,414 employees.

The decline in net hiring in the December 2019 quarter is a sign that TCS is trying to tighten its operations after very strong net hiring in recent quarters that included aggressive campus hiring in the first half of this fiscal.