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HCL Tech Q4 Results: IT sector giant HCL Technologies has announced the results of the fourth quarter of the financial year 2022-23. According to HCL Tech, the company has hired 17,067 employees in the last financial year, which is 57.3 percent less than in 2021-22. In 2021-22, the company had hired 39,900 employees. The signal is clear that in the last year the IT sector companies have made a big reduction in hiring.
HCL Tech had set a target of hiring 30,000 freshers but the company has hired a total of 26,734 freshers in 2022-23 which is less than the target. Presently HCL Tech has 225944 employees. The decline in the hiring of IT companies is now becoming a cause of concern. Last week, TCS and Infosys also announced their fourth quarter results. And both the companies have informed that in the financial year 2022-23, they have reduced the hiring of employees as compared to 2021-22.
TCS has hired only 22,600 new employees in 2022-23 while in 2021-22 the company hired 1.03 lakh employees. That is, the hiring of TCS has decreased by 78 percent. The number of employees working in TCS has now increased to 6,14,795. Infosys said that in 2022-23, the company has hired a total of 29,219 employees. Whereas in 2021-22, the company had hired a total of 54,396 employees. That is, there has been a decline of 46 percent in the hiring of Infosys. As on 31 March 2023, the total number of employees of Infosys is 3,43,234.
Looking at the hiring data of these three giant IT companies, it can be said that the global crisis has affected the IT sector. There is a possibility of seeing a big decline in hiring in 2023-24 as compared to last year. can be found. TeamLease estimates that new hiring could drop by up to 40 percent this year. Nifty’s IT has seen a big decline this week due to reduction in hiring of companies and reduction in financial guidance.
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