TCS headcount slips further in December quarter, extending hiring slowdown

CHENNAI: Tata Consultancy Services (TCS), India’s largest IT services exporter, continued to trim its workforce in the December quarter, underlining the prolonged slowdown in global technology spending and a sharper focus on utilisation and productivity.

At the end of the three months to December, TCS had 582,163 employees, down from 593,314 at the end of the September quarter, according to the company’s latest disclosure. The fall of more than 11,000 employees in just one quarter marks the second straight period of contraction in the company’s headcount.