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Tata group's listed companies see small increase in staff in FY24

TCS accounted for bulk of attrition at group level in FY24

The Indian business job market is under stress, and this is especially impacting entry-level positions and the placement experiences of B-school graduates. Both prestigious institutions and smaller management schools are feeling the effects as they a
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Dev Chatterjee Mumbai

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This report has been updated
The employee strength of the Tata group’s 23 listed companies increased marginally by 1.7 per cent to 826,474 in 2023-24 (FY24) over the previous financial year, according to the annual reports submitted by these companies.
 
The main reason for the drawdown is Tata Consultancy Services (TCS). Amid weak global demand and a dip in discretionary spend, Indian information-technology services companies have seen their headcount fall.
 
TCS has not filled all the vacancies created in the past few quarters.
 
Trent, the group’s retail arm, on the other hand, saw a 52 per cent