THOSE OVER 50 years of age and still working in a domestic information technology (IT) company, should consider themselves lucky - really lucky- as they are part of just 1-2.5% of the company's total employee base.
Consider the data on the age profile of employees at the India offices of IT companies. According to the country's largest IT firm Tata Consultancy Services' FY23 annual report, only 1.1% of employees on its rolls are in the 50 years + bracket. In contrast, 52.69% of employees are below the age of 30.
A similar trend is observed at Infosys, the country's second-largest IT firm. An ICICI Securities report states that around 2.5% of the company's employees globally are above the age of 50, while 59.6% are below 30.
Although Tech Mahindra and LTI Mindtree have not yet released their FY23 annual reports, their FY22 numbers (LTI's before the merger with Mindtree) demonstrate a similar pattern.
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