India’s five big IT firms see net exit of 25,000 women in FY24
Published on:
Jul 15, 2024
Category:
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Synopsis
The data analysis by staffing firm Xpheno revealed that five of India's top IT services companies - Infosys, TCS, Wipro, LTI Mindtree, and HCL Tech - have seen a collective net exit of 25,000 women in the year ending March. Despite an increase in the total number of women employed by these firms from 374,000 in March 2020 to 540,000 in March 2023, the diversity ratio has only seen a marginal growth of 0.9 percentage points during this period.
"[P]arallel growth in intake scale will continue to drive constant and flat gender ratios as we are witnessing now,” said Shincy Morris, business head - direct hiring at Xpheno.
