Companies News Today Live Updates on October 19, 2024: India’s IT services firms tighten their wage belts. But are they getting fitter?

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19 Oct 2024, 05:30:10 AM IST

Top Company Leader Today Live: India’s IT services firms tighten their wage belts. But are they getting fitter?

  • India’s top IT services firms shrunk their employee costs relative to revenue in the second quarter, even replacing senior employees with junior talent and reducing the number of employees on standby. That may be great for margins. But what does it mean for the sector?

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