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Attrition is rising across the IT services industry, in India and world over. In the July-September quarter, India’s largest software services company, Tata Consultancy Services Ltd. said attrition spiked to 11.9%. Infosys Ltd. said voluntary attrition rose from 13.9% to 20.1% quarter-on-quarter, Wipro Ltd. also reported 20.5% attrition.
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The rising employee turnover at a time of strong demand has prompted TCS to almost double its hiring target for 2021-22.
[Via]
