A recent
report by Sameer Ranjan Bakshi posted
on The Economic Times talks about how the IT service business model, which relies on
pyramid structure with its base constituting young and less expensive
employees, has been shrinking. In FY24, both TCS and Infosys saw the share of
young employees in their total headcount plunge to a five-year low and a
decadal low, respectively.
As Indian
IT services companies are battling macro uncertainty and tech spend slowdown,
they have reduced their campus visits and applied brake on freshers hiring.
The IT
service business model, which relies on pyramid structure with its base
constituting young and less expensive employees, has been shrinking. In FY24,
both TCS and Infosys saw the share of young employees in their total headcount
plunge to a five-year low and a decadal low, respectively.
Pyramid
optimisation is one of the tools that IT service companies use to boost their
operating margins. With experts expecting tech spend revival at the fag end of
this fiscal, Indian companies are likely to see an improvement in their share
of young mass of employees from next year
.Read more at:
https://m.economictimes.com/tech/information-tech/slowdown-hits-indian-it-companies-campus-recruitments/articleshow/110426285.cms