IT Sector Sees First Workforce Decline in 25 Years in 2023

2023 • 3min • News • Business


Published On: October 30, 2023 - Out of India's top 10 software services firms, 9 have witnessed their workforce shrinking in the six months to September 30, an analysis by Mint shows. The headcount cut comes on the heels of spending cuts on part of the U.S. and Europe-based clients, including the rising economic and geopolitical risks. The top 10 companies employ more than 2 million engineers. Join News9's Shweta Kothari and Kartik Malhotra for more on this story.