TCS Reports 5,452 New Hires in Q1 FY25, Reverses Headcount Trend

Thursday, 11 July 2024, 10:55

TCS witnessed a significant increase in employee count by adding 5,452 new staff members in Q1 FY25, reaching a total of 606,998. This follows a previous reduction in staff numbers in FY24, marking the first annual drop in nearly two decades. Despite a 3.16% QoQ decline in consolidated net profit, year-on-year figures showed a notable improvement. The company reported a 12.1% attrition rate, signaling ongoing workforce dynamics.

Economictimes — TCS Reports 5,452 New Hires in Q1 FY25, Reverses Headcount Trend

TCS Employee Headcount Growth Update

TCS experienced a notable upsurge in employee count with the addition of 5,452 new hires in Q1 FY25, totaling 606,998. This turnaround follows a decline in staff numbers reported in the previous fiscal year, a first in 19 years.

Financial Performance Insights

The consolidated net profit showed a 3.16% quarterly decrease to Rs 12,040 crore but displayed a positive year-on-year growth compared to Rs 11,074 crore. The latest figures reflect an evolving operational landscape for TCS.

Workforce Dynamics

With a reported 12.1% attrition rate, TCS continues to navigate through workforce challenges and adaptations in the ever-changing tech industry landscape.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

TCS Employee Headcount Growth Update

Financial Performance Insights

Workforce Dynamics

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