Wipro headcount crashes 9.5% in FY24: Third decline in a decade - DECODED https://t.co/5C0ADuub5x
In a first in 20 years, #TCS, #Infosys, #Wipro together report huge loss in employee strength in FY24 - 63,759 https://t.co/BtQ7gpLPHa https://t.co/3wleCEo9wQ
TCS, Infosys, Wipro together lost 63,759 employees in FY24 By @debanganaghosh4 https://t.co/DnZE2HBlKH via @moneycontrolcom

Infosys, India's second-largest IT exporter, has faced significant challenges in the fiscal year 2023-24, marked by a disappointing annual revenue growth guidance of 1-3% for FY25 and a mere 0.2% growth in FY24. This period also saw the company's first headcount reduction in at least 23 years, with a total decline of 25,994 employees. The stock of Infosys has been negatively impacted, trending towards its longest losing streak in two years following these announcements. Additionally, the company's fourth-quarter results fell short of expectations, with a headcount drop of 5,423, marking the fifth consecutive quarter of decline. Infosys shares have fallen, and the annual revenue outlook has disappointed investors.












