TCS reports dip of 5,680 employees during December quarter

IT major Tata Consultancy Services reported a net fall of 5,680 employees in headcount in the third quarter (Q3) of FY24 taking the overall headcount to 603,305 as on December 31, 2023.

The headcount in the December quarter fell by 10,669 compared to the year-ago period.

Milind Lakkad, chief HR officer, said as the employees are back in offices, the company expects to be back to its "normal operating mode by the end of the current fiscal year."


"We are committed to hiring from college campuses and growing talent organically. We have commenced our campus hiring process for the next year and see tremendous excitement among freshers to
join TCS,” he added.

Meanwhile, TCS had reported a net fall of 6,333 employees in headcount in the quarter ended September. The headcount in the September quarter fell by 7,186 compared to the year-ago period.

For the quarter ended December 2023, Lakkad said attrition is trending down and is at 13.3% which "is now in our range of comfort". The voluntary attrition for the previous quarter stood at 14.9%.