India's IT Firms Tighten Wage Belts Amid Slowdown
- **India's top IT firms** are controlling people costs amid a global slowdown. - **Middle and senior executives** are being replaced by junior employees, with upskilling investments accounting for 5-7% of costs. - **Wage costs** for TCS, Infosys, and HCLTech have declined, while Wipro saw a slight increase. - **Attrition rates** have risen slightly across major firms. - **Future hiring** remains uncertain, influenced by global events and market conditions. Source: [Mint](), [Mint]()
