Home » News » Tech Mahindra reports an attrition rate of 20%, to continue hiring

Share This Post

Attrition / Featured News / Top News

Tech Mahindra reports an attrition rate of 20%, to continue hiring

Tech Mahindra reports an attrition rate of 20%, to continue hiring

Tech Mahindra announces its Q2FY23 performance results on November 1, 2022. . Tech Mahindra reported a decline in attrition rate to 20% in the quarter that ended September 30, 2022, the attrition in Q1 was 22%.

CP Gurnani, MD & CEO said, “We continue to focus on being resilient and agile to ensure long-term value for our people, customers, partners, and the society at large. While market conditions evolve and supply-side challenges continue, we will strengthen our differentiated offerings to help customers in their transformation journey through our integrated & new-age solutions.

Rohit Anand, CFO said, “We have taken several targeted measures to achieve operational efficiencies and ensure long-term sustainable growth. While we continue to address the dynamic market conditions, we will remain focused on creating value for our stakeholders, through continued operational rigour, robust cash generation, and prudent capital allocation. Additionally, we have also announced a special dividend of INR 18 per share, in line with our capital allocation policy.”

Tech Mahindra added 5,877 new hires in Q2 FY23, down from 6,862 in Q1FY23 and 14,930 in Q2FY22. The total headcount stood at 163,912. The company’s Q1 total headcount stood at 158,035.

SHARE THIS POST:

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Home
News
Members
Forum