In 2024, several Indian IT companies have transitioned away from the work-from-home (WFH) model for various reasons:
Tata Consultancy Services (TCS):
TCS, India’s largest IT company, has mandated a return to the office for its employees, implementing a full five-day workweek. The decision was made public during the company’s earnings call, with a focus on aligning with core values. Despite strong financial performance in Q2, which included a 9% year-over-year growth in net profit and nearly an 8% increase in revenue, TCS experienced a reduction in headcount.
Industry Trends:
The shift away from the WFH culture is primarily driven by the IT/Business Process Management sector.
Hybrid Work Models:
With the normalization of remote work during the pandemic, companies are now embracing more flexible or hybrid work models.
IT Workforce Continuity:
Approximately 75% of the IT workforce in India is expected to continue working from home.
These transitions reflect the evolving dynamics within the IT sector in India, balancing organizational needs, industry trends, and employee preferences.
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