Drop in headcount was due to changing client requirements: Tech Mahindra

Company says it's committed to hiring, added 1700 staff over past two months

Tech Mahindra, India’s fifth largest IT services company has attributed the sharp fall in headcount in FY18 to a massive shift in client technology requirements over a short duration, though the Pune-headquartered company said it has started stepping up hiring again.

The company, which reduced headcount by a little less than 5000 last fiscal hired around 1700 employees in the last two months alone.

“With the current technological availability, we are looking at exponential growth in revenue per employee. In the past six months, we have seen a huge change in technology requirements. Customers also want automation for greater efficiency