HCLTech reduced its workforce by 3,292 employees during the June quarter, marking its sharpest quarterly headcount decline in two years, even as the IT services company reported double-digit revenue growth and a 20.3% rise in net profit.
The company's total headcount stood at 223,889 as of June 30, down from 227,181 at the end of the March quarter. Fresh hiring also slowed, with HCLTech onboarding 1,056 freshers during the quarter compared with 1,712 in the previous three months.
The workforce reduction comes as India's IT industry adapts to changing client demand and the growing use of artificial intelligence in service delivery. HCLTech's attrition remained largely stable at 12.7%, compared with 12.5% in the March quarter, indicating that voluntary employee exits remained under control.
The decline contrasts with Tata Consultancy Services (TCS), which added 9,279 employees during the same period. TCS, however, has also said artificial intelligence is expected to reshape hiring patterns across the IT services industry in the years ahead.
Despite reducing headcount, HCLTech said it continued to invest in innovation and productivity. During the quarter, more than 20,780 employees participated in its Value Creation Portal, generating over 3,600 ideas, of which more than 1,350 were implemented. The company said these initiatives delivered customer-approved value of $159 million.
HCLTech also filed 18 patent applications and secured 14 patent grants during the quarter.
For the June quarter, the company reported consolidated revenue of ₹34,579 crore, up 14% year on year, while net profit rose 20.3% to ₹4,626 crore. HCLTech also reaffirmed its FY27 guidance and announced an interim dividend of ₹12 per share.