Tech Mahindra’s attrition rate drops to 20% in Q2, hires 5,877 people

Tech Mahindra's attrition rate was 22 percent in the April-June period and 21% in the year-ago quarter

Debangana Ghosh

November 01, 2022 / 16:11 IST

IT services consultancy firm Tech Mahindra reported a decline in attrition rate (last twelve month basis) to 20 percent in the quarter ended September 30, 2022, down from 22 percent in the April-June period.

Bucking industry trends, Tech Mahindra’s attrition dropped year-on-year as well from 21 percent in the year-ago quarter. The company started seeing a drop in attrition from the previous quarter after a steady rise in the earlier five quarters.

The company added 5,877 new hires in Q2 FY23, down from 6,862 in Q1FY23 and 14,930 in Q2FY23. The total headcount stood at 163,912.

Tech Mahindra recently faced backlash along with peers like Wipro for delaying onboarding and absorbing freshers who have been waiting for nearly two years since graduation.

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Debangana Ghosh

first published: Nov 1, 2022 04:06 pm

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