Headcount at IT cos: Up, down or static

[dwarakesh]

The past few quarter have been trying for IT companies. With IT chieftains like Wipro CEO Azim Premji terming financial year 2008-09 worst-ever.

The year seems to be worst for IT companies on hiring front too. Other than pinkslips, previous quarters also saw a plunge in hiring at all IT companies. In fact, the last quarter ended March 2009 saw most tech companies either reporting a decline in total number of employees or retaining the same number. Not even five IT companies reported a marginal increase in their total headcount during the quarter.