New Delhi, April 22 -- IT services major Tech Mahindra's headcount decreased by 1,993 in the quarter ending 31 March 2026. Besides, the workforce has shrunk by 1,108 YoY for FY26, the company stated in its earnings report on 22 April.

The current total workforce stands at 147,623, with the majority being IT employees. 77.8% of the IT employees were offshore employees, while the remaining worked onsite. The company's last twelve-month (LTM) attrition rate has dropped marginally from 12.3% in Q3 to 12.1% in Q4 of FY26.

In a statement, Tech Mahindra CEO Manoj Joshi said, "We are accelerating our transition to an AI-led organization, embedding AI across services and expanding our capabilities to enhance value delivery for our clients. This ...