HCLTech cuts nearly 3,300 jobs in Q1, most in two years

HCLTech, Circles and GreySkies join TM Forum Catalyst Program for AI telecom framework


HCL Technologies reduced its workforce by 3,292 employees during the June quarter, marking its sharpest quarterly decline in headcount in a year even as India’s third-largest IT services company delivered a strong set of earnings and maintained stable employee retention.

The company’s total employee count stood at 223,889 as of June 30, down from 227,181 at the end of the March quarter. HCLTech added 1,056 freshers during the quarter, significantly lower than the 1,712 recruited in the preceding three months.

Despite the reduction in headcount, the company’s last twelve-month (LTM) attrition remained largely unchanged at 12.7%, compared with 12.5% in the March quarter, indicating that voluntary employee exits continued to remain under control. The share of women employees was unchanged at 29.6%.

The workforce update comes days after rival Tata Consultancy Services (TCS) added 9,279 employees during the June quarter, taking its total workforce close to 5.94 lakh, even as the company cautioned that artificial intelligence would fundamentally reshape hiring across the IT services industry.

HCLTech, meanwhile, said it continues to focus on productivity and innovation alongside talent management. During the quarter, more than 20,780 employees participated in the company’s Value Creation Portal, generating over 3,600 ideas, of which more than 1,350 were implemented. The initiatives delivered customer-approved value of $159 million, according to the company.

Innovation also remained a focus area, with 18 patent applications filed and 14 patents granted during the quarter.

Also Read: HCLTech Q1 Results: Posts earnings beat, retains FY27 guidance

The workforce update accompanied a robust financial performance. HCLTech reported a 20.3% year-on-year increase in consolidated net profit to ₹4,626 crore, while revenue rose 14% to ₹34,579 crore.

The company’s IT and Business Services business remained the primary growth driver, while the board declared an interim dividend of ₹12 per share for FY27.



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