India's four major IT companies — Tata Consultancy Services (TCS), Infosys, HCL Technologies (HCLTech), and Wipro are undergoing a workforce transformation focused on reshaping rather than simple expansion. Data from the second quarter of fiscal year 2026 shows that hiring in this industry has slowed, and employee turnover rates have stabilized, with artificial intelligence (AI) becoming central to human resources strategies.
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In the latest data, Wipro's employee turnover rate was 14.9%, HCL was 12.6%, Infosys was 14.3%, and TCS was 13.3%. These numbers mark the lowest turnover rates for these four companies in the past five years.
TCS's internal innovation initiative "Ideate and Build with AI" has achieved significant success, with 275,000 employees participating in this unprecedented upskilling program aimed at integrating AI literacy into all functions of the company. Despite this, TCS's total number of employees decreased from 613,069 in the previous quarter to 593,314, indicating a reduction in the number of employees despite stable turnover rates.
Key points:
🌟 The turnover rates of the four IT companies have stabilized, reaching the lowest levels in five years.
🤖 TCS organized a large-scale AI retraining program, attracting 275,000 employees to participate.
📉 The total number of TCS employees has decreased, from 613,069 to 593,314.
