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Statsguru: Has TCS's job cut signal set the tone for the IT industry?

TCS employed the highest number of workers in FY25, at 636,833 employees. Infosys hired the distant second-highest number at 348,596 in FY25, followed by Wipro at 235,415

TCS, Tata Consultancy
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Broadly, one-third to half of the total revenues earned by IT companies was spent on employees during the past six years. | Photo: Shutterstock

Jayant Pankaj New Delhi
Tata Consultancy Services (TCS) has announced the sacking of around 12,000 employees, sending shockwaves in the information technology (IT) sector. Moreover, the industry witnessed even high voluntary attrition rate in the first quarter of FY26.
TCS employed the highest number of workers in FY25, at 636,833 employees. Infosys hired the distant second-highest number at 348,596 in FY25, followed by Wipro at 235,415. (Chart 1) 
Y-o-Y revenue per employee growth declined at four out of six companies between FY24 and