IT companies Cognizant, Capgemini hired 1.5 lakh less hands in 2023

The cumulative hiring by IT majors Cognizant and Capgemini globally declined by 151,607 employees in 2023 as compared to 2022, as per their regulatory filings.

Both companies have a majority of their employees based out of India — together, they employ around 400,000 people here. In 2022, while US-based Cognizant hired 132,000, French IT consultancy firm Capgemini recruited 140,789 employees in total, excluding people hired through acquisitions. But in 2023, Cognizant’s hiring number fell to just over 60,000, while Capgemini hired about 61,182. In other words, the numbers fell by 72,000 at Cognizant and 79,607 for Capgemini from the prior year.