Business Standard

Quess Corp headcount likely to fall 10-15% in Q1 amid Covid-19 crisis

Firm is hopeful of returning to growth path once major cities open up

layoffs, job loss, lay-offs, unemployment

Quess Corp had 384,000 staffers at the end of March 2020, 21 per cent more than the previous financial year

Debasis Mohapatra Bengaluru
Business services provider Quess Corp, India’s largest private sector employer, is likely to see a 10-15 per cent reduction in headcount in the first quarter (Q1) of the current financial year (2020-21, or FY21) because of the Covid-19 crisis.
Though fall in the number of associates is expected to affect the earnings of the Bengaluru-headquartered company in Q1, the management is hopeful of returning to the growth path once major cities open up.
“Our headcount was only down by around 5 per cent between February and April. We see another 5 per cent reduction in May, and a similar reduction

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First Published: May 31 2020 | 12:19 AM IST

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