TCS voluntary exits outside restructuring tops 22,000 in 2 quarters on slower pace of hiring

Tata Consultancy Services (TCS) reported a headcount decline of 30,000 over two quarters, primarily due to voluntary exits outside its restructuring process, with 22,200 exits attributed to non-restructuring reasons. Despite this, TCS continues to hire from campuses and the lateral market. HCLTech's headcount remained stable, influenced by selective hiring and attrition. TCS aims to recruit around 42,000 freshers in FY26, emphasizing the impact of AI on future hiring and productivity.