Wipro, India’s largest IT company, had a significant decrease in its female workforce in fiscal year 2023-24, dropping from 90,721 to 68,231 employees, a reduction of 22,490, according to the company’s annual report.
This fall corresponds to Wipro’s overall workforce reduction, with a year-on-year decrease of 24,516 people, resulting in a total headcount of 234,054 as of March 31.
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Wipro, Infosys, and Tata Consultancy Services (TCS) all saw a reduction in worker diversity during FY24. Infosys reported a fall in its female workforce of 10,786 people to 124,569, while TCS observed a decrease of approximately 6,000 female employees to 214,000 during the same time. Overall, Infosys’ overall workforce reduced by 25,994 individuals to 317,240, while TCS’ workforce decreased by 13,249 employees to 601,546, compared to the previous fiscal year.
These three organisations (Wipro, Infosys, and TCS) collectively reduced their headcount by 63,759 employees in FY24, suggesting a change away from the strong hiring trends seen following the epidemic.
According to The Financial Express, economists believe there could be numerous explanations for the decline in the number of women employed, including the waning influence of pandemic-related hiring booms and a shift away from remote work arrangements.
Concerns concerning workplace culture extend beyond these companies’ employment statistics. At Wipro, sexual harassment accusations more than doubled in FY24, with 182 cases compared to 70 in FY23. Wipro also stated that there were 93 complaints under POSH rules in F024, down from 141 the previous year.
Similar tendencies appeared at Infosys and TCS, where reported cases of sexual harassment increased significantly. Infosys recorded 98 incidents in FY24, up from 78 in FY23, while TCS increased to 110 cases from 49 over the same period.
Addressing TCS’s 29th annual general meeting, TCS chairman N Chandrasekaran suggested that the increase might be attributed to increased awareness and an open culture established among the company’s large workforce of over 600,000 employees.