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Better bench strength: IT hirings seen at pre-Covid levels in FY24

So far the top three IT firms have announced their third quarter numbers and the dip in attrition rates and a higher bench strength seems to be signalling towards a normal year for hiring in FY24

IT firms
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Tata Consultancy Services (TCS), the largest player in the segment and also the one which hires the maximum from campus said that for FY24 the range for total hiring would be in the range of 125,000 to 150,000.

Shivani ShindeSourabh Lele Mumbai/New Delhi
After a year of supply-side constraints due to high demand for work after the pandemic, it looks like 2023-24 (FY24) will see a ‘normalised pattern’ of hiring.
 
So far, the top three information technology (IT) majors have announced their third quarter (Q3) numbers for 2022-23 (FY23).
Dip in attrition rates and higher bench strength seem to be signalling a normal year for hiring in FY24.
 
Tata Consultancy Services (TCS) said that for FY24, the range for total hiring would be between 125,000 and 150,000.
 
TCS in 2021-22 (FY22) had given offers to over 110,000 campus hopefuls. For FY23, it has so