Why IT attrition is high despite a risk of recession
SummaryAttrition in Q2 of the fiscal year remained high for major players: 27.1% for Infosys, 23% for Wipro, 21.5% for TCS, and 23.8% for HCL.
Hiring freezes and fewer counter-offers have brought the recruitment frenzy in India’s information technology (IT) companies to a halt. Still, attrition in the sector for the October-December period will hover around 20%. Mint explains why: