Analysis of Young Workers in TCS and Infosys Workforce: A Decline in Numbers

The youth workforce in top Indian IT companies like TCS and Infosys is on the decline, according to a recent analysis by Mint. The share of young workers in TCS’s workforce has fallen from 59% in FY22 to 50.3% in FY24, while for Infosys, it has dropped from 60% to 55% over the same period.

Analysts attribute this drop to low fresher hiring and the weak growth of IT services companies in the past fiscal year. Pankaj Kapoor, senior vice-president at Firstsource, stated that companies are hiring fewer freshers due to low growth expectations. However, he emphasized that the advance of artificial intelligence (AI) or generative AI is not the main reason for the decline in young employees.

The analysis also revealed that TCS and Infosys are the only top software services companies that disclose the age distribution of their workforce. TCS’s India workforce had 50.3% of people under 30 years of age in FY24, down from 59% in FY22. Similarly, Infosys had more than half of its global workforce under 30 in FY24, compared to 60% in FY22.

The reduction in young workforce is linked to the companies’ growth, with TCS and Infosys hiring significantly fewer freshers in recent years. The Indian IT sector as a whole has experienced slow growth, with companies like TCS, Infosys, and HCL Technologies reporting modest revenue growth, while Wipro saw a decline in revenue.

Overall, the decrease in young workers in top IT companies is seen as a temporary trend linked to the industry’s current growth challenges, rather than a long-term structural change.