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Iran Conflict 2026
1APR

HCLTech hires again as Wipro cuts 6,716

3 min read
12:41UTC

HCLTech added 6,450 staff, including 6,136 freshers, and Tata Consultancy Services grew again, while Wipro cut 6,716 on flat revenue.

ConflictAssessed
Key takeaway

Two of India's three largest IT firms grew headcount last quarter; Wipro, on flat revenue, shrank.

HCLTech added 6,450 net staff in the September quarter, taking headcount to 230,339, including 6,136 freshers (graduates hired straight from college) against 1,056 three months earlier, while its "Advanced AI" revenue rose 78% year on year at constant exchange rates to $219m⁠1. That reverses the 3,292 it cut in the June quarter. India's IT services firms do coding and back-office work for Western companies, so their hiring is one read on outsourced white-collar work.

Wipro cut 6,716 staff to 236,328⁠2 on flat IT services revenue of $2.61bn and a forecast of between a 1.5% fall and a 0.5% rise next quarter⁠3, three months after it added 888 net staff while saying it would hire no freshers. Chief executive Srini Pallia said: "We see AI as a long-term growth driver that will expand the addressable market for technology and business transformation."⁠4

Tata Consultancy Services (TCS) added 4,258 people to reach 598,056, its third straight quarterly rise, according to figures relayed by Business Today, which also reported annualised AI revenue (the current quarter's rate scaled to a year) of $3.1bn⁠5. In July TCS reported shedding 19,271 staff over a year.

HCLTech's headcount and AI revenue both rose; TCS grew modestly; Wipro, on flat revenue, cut. One reading is that the entry-level work France and Canada stopped hiring for has moved to India. No source shows that; a rebound from last year's trough, deal timing and hiring to replace staff who quit explain the same numbers.

Deep Analysis

In plain English

India's big IT companies do computer programming, software testing and office work for businesses around the world. They hire huge numbers of new graduates, called freshers, every year. In the three months to September, HCLTech and Tata Consultancy Services (TCS) took on more staff, and HCLTech hired many more graduates than in the previous quarter. Wipro, whose sales were flat, cut about 6,700 jobs. All three say AI is becoming a bigger part of their business. The figures do not show whether AI caused the hiring or the cuts.

Deep Analysis
Root Causes

Indian IT services run on a pyramid: a broad base of freshers billed at low rates supports a narrow tier of senior staff. Campus offers are made up to a year ahead, so the September quarter's intake reflects hiring decisions taken in 2025, and TCS says it issued about 25,000 fresher offers for this financial year, with about 14,000 joined by the end of June.

Twelve-month attrition ran at 12.8% at HCLTech, 13.3% at TCS and 13.8% at Wipro, so a large share of gross hiring only fills seats left by leavers.

Wipro's cut tracks its revenue rather than any stated AI plan. Its net utilisation excluding trainees was 83.4% and its IT services revenue was flat, so it has spare capacity to absorb demand without adding staff.

What could happen next?
  • Consequence

    Indian IT fresher hiring is likely to vary sharply by firm, tracking each company's bookings rather than a sector-wide trend.

  • Risk

    If Wipro's December-quarter revenue falls towards the bottom of its guidance, further staff reductions are likely.

First Reported In

Update #21 · AI marks French hiring and Accenture's 10-K

HCLTech· 22 Oct 2026
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Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Editorial standards.