IT not so positive? Bench strength of companies shrinking fast

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Unlike cricket, India’s IT services industry is groaning under a weakening bench strength. The bench strength for IT services, long seen as a safety net in industry, has shrunk by a quarter and is unlikely to be filled up even if growth picks up.

Across Tata Consultancy Services, Infosys, Wipro, HCLTech, and Tech Mahindra, the bench has reduced by roughly 75,000 people over the past two years, falling from around three lakhs to about 2.25 lakh, industry experts told ET.

“The bench across IT services is currently between 8-15% of the workforce…



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IT not so positive? Bench strength of companies shrinking fast


Unlike cricket, India’s IT services industry is groaning under a weakening bench strength. The bench strength for IT services, long seen as a safety net in industry, has shrunk by a quarter and is unlikely to be filled up even if growth picks up.

Across Tata Consultancy Services, Infosys, Wipro, HCLTech, and Tech Mahindra, the bench has reduced by roughly 75,000 people over the past two years, falling from around three lakhs to about 2.25 lakh, industry experts told ET.

“The bench across IT services is currently between 8-15% of the workforce…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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