IT majors' bench strength drops 75,000 amid sector headwinds

Big drop! Why bench strength of TCS, Infosys, Wipro & other IT companies has fallen by around 75,000 people. Major IT services firms have witnessed a significant decline in bench strength by approximately 75,000 employees, reflecting softer demand and utilization challenges across the sector. This reduction suggests cautious hiring and project allocation strategies amid global economic uncertainties. Lower bench indicates improved cost discipline but may signal sluggish order momentum ahead.

📊 STOCKS: $TCS | $INFOSYS | $WIPRO | 🏢 SECTOR: IT | #MEDIUMIMPACT #bench-strength