Tata Consultancy Services (TCS), India's largest IT services firm, reported a modest addition of only 625 employees in the fourth quarter of FY 2025 (Jan to March).
This marks one of the lowest quarterly net additions for the company in recent years, signaling a cautious approach amidst a challenging business climate with recession fears looming around.
The company has also decided to delay its annual wage hikes, stating that salary revisions will be implemented "based on the business environment."
This is a departure from its usual practice of rolling out hikes in April and reflects broader concerns around global demand and client spending cuts.
When asked, an analyst opined, "Despite reporting stable revenues and order wins, TCS appears to be focusing on optimizing operations and managing costs. The low hiring figures and deferred hikes underline a strategy of financial prudence as the company navigates uncertainties in the global tech landscape".
