India's Top 4 IT Firms Cut 9,100 Jobs in Q1, Reversing Year-Ago Hiring Trend

India's four largest IT companies — TCS, Infosys, HCLTech, and Wipro — collectively shed a net 9,100 employees during the April-June 2024 quarter. This marks a sharp reversal from the same period a year earlier, when the same firms had added a net 22,622 workers. The scale of the shift highlights a significant change in workforce strategy across the country's top technology employers. Analysts suggest the ongoing job cuts go beyond traditional cost-cutting measures, pointing to deeper structural changes in the industry.