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Tech Mahindra has reported a significant uptick in hiring during the July-September 2024 period, along with the quarterly earnings announcement. NSE The IT services giant onboarded 6,653 new employees, marking its highest recruitment figures in the last five quarters and bringing its total workforce to 154,273. This reflects a growth of 3,669 employees year-on-year, signaling the company's strong commitment to expanding its talent pool in a competitive industry.
Chief Financial Officer Rohit Anand said that this hiring surge is part of Tech Mahindra’s strategy to enhance its service capabilities while navigating a challenging market landscape. The company’s recruitment efforts come as it aims to maintain a competitive edge by investing in talent to drive future growth. However, the firm also noted a slight increase in attrition rates, which rose to 10.
6% over the past twelve months, compared to 10% in the previous quarter..
