Layoffs are difficult for companies, but 2023 has been a year of layoffs. Top tech companies have either frozen the hiring process or laid off employees. Being hired by any IT companies the new employees need to choose between Capgemini vs Infosys or any other company there are many parameters.
Infosys
The company’s headcount stood at 3,45,218 as of September 30, 2022, from 3,35,186 in Q1FY23. The net addition of 21,171 people in the first quarter ended on June 30.
Infosys’ attrition in Q2FY23 stood at 27.1 percent. The company’s attrition for the last quarter was 28.4 percent. There is a sequentially fall in attrition on a trailing twelve-month basis. Infosys announced that its employees will be receiving 65 percent variable pay for the July – September quarter of FY23.
According to the email sent this month to employees, the average payout at an organization level is 65% for Q2FY23 and the individual payout percentages will differ based on the individual’s performance and contribution for the quarter.
Earlier, Infosys BPM (business process management) has announced that the average variable payout for its employees is 60% in the second quarter of this fiscal.
Capgemini
Capgemini has 358,400 employees globally to provide outsourcing services to customers, and India is its largest location in terms of headcount—accounting for more than 50 percent of the total.
Aiman Ezzat, Chief Executive Officer of the Capgemini Group, commented, “We continue to see double-digit growth across geographies and business lines, and to gain market share in digital transformation.”
“We are reaping the benefits of our strategy and market positioning, with our unique capabilities from consulting to technology and engineering combined with relevant industry expertise. As a strategic business and technology partner, we bring industry-specific solutions that create concrete business outcomes across the whole value chain of our clients organization.”, Aiman Ezzat added.
As per reports, the campus recruitment season is underway and it is likely to close the year with a somewhat higher employee base. Earlier this year, Capgemini India had said it would recruit (gross) 65,000-70,000 people in the 2022 calendar year, a mix of freshers and lateral hires.
Other IT Companies
HCL added 8,359 employees during the quarter. As of September 30, 2022, HCLTech’s total headcount is 219,325 from 208,877 as of March 2022 quarter. The company’s attrition remained stable at 23.8%.
Wipro added 605 new employees. As of September 30, 2022, Wipro’s headcount in IT services increased to 259,179 from 258,574 at the end of June.
The company has reported an Attrition Rate of 23%, moderating slightly from 23.3% in the previous quarter. On the other hand, Wipro will pay out 100 percent of variable pay to 85 percent of employees for the second quarter
TCS added 9,840 employees in the September quarter and the total headcount stood at 6,16,171. TCS hired 20,000 freshers in Q2, an increase of 33% over the previous quarter.
However, freshers hiring have slowed down. TCS hired 35,000 freshers in Q1FY23 which is down from 43,000 in Q1FY22. The company offered exciting news for its employees. The company has administered a 100% variable pay scheme.
