TCS headcount declines for first time in 19 years; hits campus route

For the first time in 19 years, Tata Consultancy Services (TCS) reported a downfall in its headcount for the third consecutive quarter, reducing its total employee base to 601,546 at the end of FY24.

On a year-on-year basis, the company’s headcount fell by over 13,249 for the fiscal year. On a sequential basis, the headcount was down by 1,759.

Compared to FY23, the firm’s addition to the number of employees has also been dismal. The total headcount was 614,795 in FY23 and the company had a net addition of 22,600 employees for the whole year.