Q3 results: TCS, Infosys headcount fall continues; over 11,000 exit

India’s top two IT services companies Tata Consultancy Services (TCS) and Infosys on Thursday reported a substantial dip of over 11,000 employees in their headcount base during the third quarter (October –December) of the current financial year, even as attrition rates dropped.

In the third quarter, TCS’s headcount reduced to 5,680 sequentially, while Infosys reported its headcount shrunk by 6,101 respectively.

Infosys ended the December quarter with 322,663 employees, the fourth consecutive quarter in which the company ended with fewer employees.