![]() Tata Consultancy Services (TCS) saw attrition for the September quarter (Q2FY23) come in at 21.5 per cent. This is a 9.27 per cent decline from ₹2,930.7 crore posted in the same period last year (Q2FY22). Wipro Ltd reported a dip in its consolidated profit after tax (PAT) at ₹2,659 crore for the quarter ended September, 2022 (Q2FY23). Wipro's that net employee addition during the second quarter of fiscal year 2023 was only 605 people, taking its headcount to 2,59,179 as of September 30, 2022. We are pleased to report that we recorded a third consecutive quarter of moderation in attrition," said CEO Thierry Delaporte. In the second quarter, we promoted more than 10,000 colleagues and increased salaries across bands. "We continue to invest in and upskill our talent to stay ahead of our clients’ evolving needs. Wipro's voluntary attrition measured in the trailing twelve months for the quarter was at 23.0 per cent, a moderation of 30 bps from the June 2022 quarter, which was at 23.3 per cent While its attrition rate was low at 20.5 per cent during the Q2 of FY22. HCL Tech's consolidated net profit for the quarter increased 7.05 percent to ₹3,489 crore from ₹3,259 core as compared to the same quarter last year. "If annually, our head count is growing by 15-20 percent, hiring in new vista locations will grow by 25-30 per cent in the same time," said CEO C Vijayakumar. The total headcount of the IT services major currently stands at 219,325. HCL Tech added 8,359 employees in the second quarter ended September 30, 2022. In Q2FY22, HCL Tech's attrition rate stood at 15.7 per cent. ![]() HCL Tech's attrition rate, however, remained unchanged at 23.8 per cent in Q2FY23 compared to the previous quarter.Īs of March 31, 2022, the company's attrition rate was 21.9 per cent. Infosys' net profit rose 11 per cent to ₹6,021 crore during July-September 2022 period, as compared to ₹5,428 crore in the year-ago quarter. Infosys added 10,032 employees during the second quarter of FY23, and the total headcount of the company stood at 3,45,218. “While supply side challenges are gradually abating as reflected in the reducing attrition rates, they continue to exert pressure on our cost structure," Chief Financial Officer Nilanjan Roy said in a statement. In Q4FY22, the attrition was 27.7 percent, 25.5 percent in Q3FY22, 20.1 percent in Q2FY22, and 13.9 percent in Q1FY22.The company’s leadership said that attrition has been reducing for the last three quarters.
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