Attrition, hiring at IT companies continue to float on choppy waters

After a brief halt, attrition at India’s top information-technology (IT) services companies is creeping up again, even as hiring remains subdued or stagnant across the board.

 

This comes in a tepid job market, where overall demand remains soft but companies are scrambling to find talent with niche digital skills like artificial intelligence (AI), cloud, and cybersecurity.

 

For the top five companies — Tata Consulting Services (TCS), Infosys, HCLTech, Wipro, and Tech Mahindra — the net addition was 4,703 in the quarter ended June 30.

 

TCS’s net hiring was 5,090. The rest except Infosys saw a slight drop. Infosys added just