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Net employee addition by the top four Indian information technology (IT) services companies in 2017-18 dropped by more than three-fourths. Even though these companies showed good revenue growth during that period, the non-linearity drive the industry had undertaken had been clearly paying dividends.
In the year ended March 31, 2018, the top four Indian IT firms — Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Technologies — made net additions of 13,972 employees (taking into consideration the number of people exited in the year), compared to 59,427 in 2016-17. This indicates the increasing focus on automation tool and technologies that
