India

India IT: TCS, Infosys shed thousands of jobs amid Covid-19

Indian IT bigwigs have shed people in thousands in the last three months.

The staff headcount at the largest player in the sector, Tata Consultancy Services (TCS), fell by over 4,700 between March and June, when coronavirus started gripping the country. Rivals Infosys, Wipro, and Tech Mahindra, too, posted a decline in net employee headcount.

Overall, five of the biggest firms in the $200 billion industry lost nearly 11,000 employees.

Lohit Soundarajan

Founder , Editor Tech Guy #Voxguy

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