Techie from Andhra Pradesh is a Kapu Naidu and the superior who allegedly harassed and terminated him a Kamma Naidu. Arbitration date on the matter in US court set for April 2021. HCL Tech offers no comment on the issue.

With attrition increasing to 15.7 percent from 11.8 percent in the last quarter, the company is taking several measures to address the issue. This includes stock options for senior hires, salary hikes effective July 1, and 100 percent quarterly bonus for…

Dollar revenues at 2.98 billion are up 13.8 percent YoY. Constant currency revenue growth 15 percent YoY

This comes amid huge demand for talents, and rising attrition. HCL Tech's attrition rate stood at 19.8 percent in the quarter, from 15.7 percent in Q2 FY22. The firm employs about 1.97 lakh employees.

HCL Technologies reported one of its best results in the quarter ended December 2021. The Noida-based IT services company’s sequential revenue grew at the fastest pace in 46 quarters. However, margins were under pressure following wage hikes and increased…

The company employs 2.08 lakh people. It hired 23,000 freshers in FY22 and guided for 12-14 percent in revenue for FY23 at the back of a robust demand environment after a year.

Voluntary attrition in the IT sector, especially in bellwether companies, was largely driven by exit spillovers from Q1, constant demand for tech talent in Global Capability Centres, and the after-effects of the talent war, say analysts.