LTTS expects headcount drop in third quarter as more work gets automated

AI-driven automation is helping LTTS decouple revenue growth from workforce expansion, with productivity gains expected to reduce headcount in Q3

 

Mid-tier IT services company, L&T Technology Services (LTTS), expects its headcount to drop in the third quarter, as artificial intelligence (AI) is helping it do more with less, effectively decoupling the linearity between revenue growth and headcount addition as more work gets automated.

 

LTTS, which focuses primarily on engineering research and development, is among the first companies to acknowledge this shift, even as human resources experts, headhunters, and analysts are trying to figure out the gains these firms are making by using AI and AI agents in their processes.

 

Any substantial gains made should inevitably make them go slow