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Tech Mahindra trims workforce amid sector slowdown
Tech Mahindra cut headcount in Q3 as IT firms focused on cost control and utilisation amid slower demand and cautious client spending trends.
Tech Mahindra reported a decline in headcount during the December quarter as IT companies adjusted staffing amid slower demand conditions. The workforce reduced by 3,098 employees as firms focused on the cost optimisation and utilisation efficiency. The move aligned with the broader industry trends as clients delayed discretionary spending, while investors tracked margin protection measures across the technology services sector closely.