43,000 TCS Employees Resigned In 365 Days; Attrition Increases To 8.6% In TCS, But Still Lowest In Industry!
It seems that the attrition rate is rising in the Indian IT industry since the same is reflected in the quarterly results of many IT firms.
TCS Attrition Rate
Tata Consultancy Services, India’s largest IT Major has announced its first-quarter Q1 (quarter ending on June 30) results of July 8, 2021.
According to these results, TCS reported attrition of 8.6 percent for the last 12 months.
Despite the attrition rate being the lowest among peers, it has risen from the previous quarter’s 7.2 per cent, ending on March 31.
Attrition Rate In Other IT Firms
Other IT giants, like Accenture has also announced its attrition at 17% in its third-quarter (March to May 2021) compared to 11% in the year-ago quarter. Please note that this attrition rate is for the last 365 days.
Soon, we will know about the other IT companies as Infosys and Wipro will be announcing their Q1 results on July 14 and July 15 respectively.
So, we need to wait for their attrition rates in the quarter ending on June 30.
Prior to this, their attrition was 15.2 percent and 12.1 percent in the fourth quarter individually.