AI & Jobs India's Top 5 IT Firms Just Posted Their First Net Headcount Decline in a Decade. TCS Alone Cut 12,000 in FY26.
On April 25, IANS reported that the combined headcount of TCS, Infosys, HCLTech, Wipro and Tech Mahindra fell by 7,389 in FY26 — versus a net add of 12,718 last year. The offshore-coding pipeline that was supposed to absorb US tech displacement is itself contracting.