India’s IT firms see muted FY26 hiring, headcount drops by 7,389

Overall hiring at Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro and Tech Mahindra fell by 7,389 in FY26, reversing FY25’s addition of 12,718 jobs. This reflects a shift in India’s IT hiring, with firms looking to restructure around AI, Moneycontrol reported. Management commentary across firms signals caution on hiring, with no clear FY27 guidance.