BENGALURU: French IT firm Capgemini‘s offshore headcount dropped by 14,600 in the September quarter, with India among the key markets that would be witnessing a sharp decline in many years.
Capgemini had 1,85,000 employees in India, comprising less than 50% of its total workforce of 342,700 people. Sources said that its India headcount might have shrunk by nearly 7,000 employees this time around, after it added 35,000 people in 2021-22.Capgemini’s offshore headcount dropped 7% to 1,96,000 employees in the September quarter, while its onshore employee base dipped by 1,100.
Its CFO Carole Ferrand, in the earnings call, said, “As discussed with you on many occasions in the past quarters, after two years of intensive hiring and higher attrition, our priority for 2023 was to regain efficiency and optimise our talent base, especially in offshore locations. Finally, as anticipated, attrition has continued to cool down at 18.6% on the last 12-month basis… it is now within our nominal operating ranges.”
When TOI reached out to Capgemini, its spokesperson said, “At Capgemini, we have adopted a stable hiring approach this year, given the challenging economic environment. During this process, our emphasis has been on investing in new skills, fostering innovation, and expanding our portfolio. We will continue to hire the right talent as we maintain a positive long-term outlook.”
Capgemini, however, didn’t disclose India’s headcount after reducing its employees offshore.
Its CEO Aiman Ezzat said Capgemini has more than 30,000 people in data & AI, business, and technology talent.
Capgemini had 1,85,000 employees in India, comprising less than 50% of its total workforce of 342,700 people. Sources said that its India headcount might have shrunk by nearly 7,000 employees this time around, after it added 35,000 people in 2021-22.Capgemini’s offshore headcount dropped 7% to 1,96,000 employees in the September quarter, while its onshore employee base dipped by 1,100.
Its CFO Carole Ferrand, in the earnings call, said, “As discussed with you on many occasions in the past quarters, after two years of intensive hiring and higher attrition, our priority for 2023 was to regain efficiency and optimise our talent base, especially in offshore locations. Finally, as anticipated, attrition has continued to cool down at 18.6% on the last 12-month basis… it is now within our nominal operating ranges.”
When TOI reached out to Capgemini, its spokesperson said, “At Capgemini, we have adopted a stable hiring approach this year, given the challenging economic environment. During this process, our emphasis has been on investing in new skills, fostering innovation, and expanding our portfolio. We will continue to hire the right talent as we maintain a positive long-term outlook.”
Capgemini, however, didn’t disclose India’s headcount after reducing its employees offshore.
Its CEO Aiman Ezzat said Capgemini has more than 30,000 people in data & AI, business, and technology talent.