Attrition at TCS touches record high; it may get worse, warns management

Despite high employee additions and supply-side challenges, the management reiterated that it aspires to have a margin in the range of 26-28%

For Tata Consultancy Services (TCS) — India’s largest and the world’s second-largest IT services provider — the attrition rate touched an all-time high of 17.4 per cent in Q4FY22. The management, following the announcement of the Q4 results, has warned that the attrition situation could become even worse before any improvement.

According to analysts, the short term, the attrition rate at TCS could even touch 20 per cent. The current situation is even poorer than the second quarter of FY15 when the number had touched 16.2 per cent.

The company hoped that because of record hiring at TCS, the attrition