TCS Q3 results: Employee attrition rate marginally rises to 13%, headcount declines by 5,370

IT major Tata Consultancy Services (TCS), reported a reduction of 5,370 employees in its workforce during the fiscal third quarter, ending a trend of headcount growth observed in the previous two quarters. Attrition for the quarter saw a slight increase, reaching 13 percent compared to 12.3 percent in the previous quarter.

In the October quarter, the Tata Group company had added 5,726 employees to its workforce.