Even as TCS senior management signals optimism for a stronger CY2025, the company experienced a reduction of over 5,000 employees in its headcount for Q3FY25. Milind Lakkad, chief human resources officer (CHRO), spoke with Shivani Shinde about why this quarterly decline is not indicative of a slowdown in demand, and how TCS is positioning itself as an AI-first organisation. Edited excerpts.
You said in a recent press conference that there is no direct correlation between headcount fluctuations and growth. Would it be fair to assume that AI is contributing to this trend?
No, when I referenced the lack of correlation