Tech talent war: 4,500 IT leaders switch jobs in 12 months
Business Standard|April 10, 2024
About 4,500 leaders in the Indian information technology (IT) services sector switched jobs at least once in the past 12 months.
SHIVANI SHINDE

These individuals hold leadership positions, including those in the C-suite, directors, vice-presidents (VPS) and assistant VPs, and heads of businesses and functions.

The movements represent 4.5 per cent of the total leadership cadre in the IT services sector in India, according to data from Xpheno, a specialised staffing firm.

While it is challenging to analyse the last time the IT industry saw such movement in senior leadership (individuals with over 15-20 years of experience), the current churn has left companies scrambling for talent.

Some of the headline-grabbing exits came from two companies, Infosys and Wipro. In 2023 alone, over 30 senior executives were hired from Wipro and Infosys to join Tech Mahindra (TechM) and Cognizant.

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