&w=3840&q=100)
IBM, Accenture show diverging hiring trends amid IT sector recovery
Fresh data from LinkedIn signals a growing divergence in hiring patterns among top IT services firms, with Accenture accelerating employee additions in 2025, while IBM continues to recover from a sharp workforce contraction recorded late last year, according to data put together by research analysis firm Thurro.
According to monthly employee growth estimates based on LinkedIn data, Accenture's headcount jumped 11.86 per cent in May 2025, its highest monthly surge in over a year. In comparison, IBM's employee base grew by 8.91 per cent in the same month, marking a sharp rebound but still trailing behind its peer.
The contrast is especially stark when considering the timeline of their respective growth trajectories. In November 2023, IBM reported a steep 27.45 per cent decline in employee count, its largest drop in at least two years, coinciding with reported global restructuring and exits across business units.
Since that contraction, IBM's employee growth has remained in positive territory, albeit modestly, with increases ranging between 1.29 per cent and 5.86 per cent until March 2025. However, even with the 8.91 per cent jump in May 2025, IBM's gains are still being measured against the deep cut it made seven months earlier.
Meanwhile, Accenture began consistently adding to its headcount from March 2024 onwards, with 6.04 per cent growth that month, followed by 6.90 per cent in May, and continuing with high single-digit to low double-digit monthly gains thereafter. Its lowest recorded monthly increase in this stretch was 5.21 per cent (May 2024), and the highest, apart from May 2025, was 10.78 per cent in November 2024.
This steady upward trend points to renewed demand across Accenture's digital, cloud, and managed services portfolios, especially in North America and Europe. Industry watchers say the company's diversified client base in healthcare, finance, and public sector contracts has likely shielded it from demand fluctuations affecting more traditional IT services.
In contrast, IBM's headcount trajectory suggests a more cautious approach to hiring, possibly tied to its reorganisation efforts and emphasis on high-margin AI and consulting segments post its Kyndryl spin-off. The tech major's positive growth figures since January 2024 indicate a slow but deliberate recovery, but analysts note that it has yet to fully recoup its November 2023 downsizing.
The diverging numbers also underscore broader shifts in the IT sector, where project-based hiring and AI-based automation are redefining traditional growth patterns. With global clients tightening tech budgets and reorienting priorities post-pandemic, Indian and multinational IT firms are no longer adding headcount at the same pace or in the same geographies.
As of May 2025, Accenture's consistent hiring puts it ahead in terms of employee growth momentum, while IBM continues to dig out of last year's slump.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
41 minutes ago
- Time of India
Nissan reaffirms commitment to India, plans three new vehicle launches by 2027
Nissan Motor Co has a defined product introduction plan for India, where it intends to continue its operations, global CEO Ivan Espinosa told ET, dispelling speculation that the Japanese automaker could exit the market. 'India is a very important market for Nissan and we're in India to stay,' said Espinosa. 'We have a very clear roadmap of our product portfolio and also the capacity required to produce these vehicles.' Elaborating on the plans, he said, 'In the next 18 to 24 months, we will have a lot of activity of product introduction for India…these vehicles will not only be for India, but they will also be exported to many, many markets around the world.' The top Nissan executive's comments follow partner Renault SA announcing this March the acquisition of the former's 51% stake in a car manufacturing joint venture factory in Tamil Nadu. Post completion of the deal, Renault Nissan Automotive India Pvt Ltd (RNAIPL) will become a wholly owned unit of the French automaker. RNAIPL would eventually evolve into a contract manufacturer for Nissan, producing existing and new models slated for launch in India and for exports. Nissan's decision triggered speculation that the company may exit the Indian market, much like American carmakers Ford and General Motors in the past. Espinosa clarified that Nissan's decision to cut industrial footprint to 10 vehicle plants globally from 17 is part of the company's plan to trim costs, leverage partnerships wherever feasible, and channel investments in mass market products to grow business sustainably and profitably in future. He emphasised that low motorisation rates in India, coupled with strong cost competitiveness and engineering capability offer a lot of potential to grow Nissan's business in the country. To be sure, the Tokyo-headquartered automaker has faced limited success in its stint in India. It sold only 27,881 units in India's 4.3-million unit passenger vehicle market last fiscal year, due to sparse product offerings. The company however ranks among India's top car exporters, shipping 71,334 vehicles in FY25. Espinosa however expressed confidence that Nissan Motor India would turnaround its business, backed by the launch of three new vehicles in the next 18-24 months. This will comprise a multipurpose vehicle, a five-seater SUV, and a seven-seater SUV. Nissan currently sells the locally-produced Magnite compact SUV in India, besides importing the X-Trail SUV model. Espinosa explained that the new vehicles—positioned at the heart of the market in the country's fast-growing utility vehicle segment— will give the company's dealer partners 'a lot of opportunities for business' and also help cover many requirements of customers in India. 'We will have a much broader range that will help us cover the market in a more intelligent, smart way,' he said. Nissan aims to nearly its grow its sales in India nearly threefold to 100,000 vehicles annually once the new SUVs are rolled out, by 2027-end. An additional 100,000 vehicles will be exported. 'The scale of what we're doing is relatively big. This is why India is such an important thing for Nissan, and this is why we're determined to stay and to keep working with the assets that we have built in India, not only for the domestic operations, but also to capitalise these values and export outside of the Indian market,' Espinosa said. He said the company additionally has a very competent engineering footprint in India. Going forward, Nissan will leverage the joint venture Renault Nissan Technology & Business Centre in Chennai, not only to produce and develop vehicles in India jointly with partner Renault, but also for enabling new product development under Nissan's global portfolio. 'The Indian talent and engineering is very, very competent and that is something that our engineers in Japan value a lot. There's a lot of collaboration happening with the engineering team in India, to help us develop products for many of Nissan's world operations,' he said. Overall, Espinosa said while every market has its challenges, one of the positives in India is that the motorisation ratio still has a lot of potential to grow. He said that 'there's still a lot of potential for the Indian market to grow, but we do need to keep working hand in hand with the governments to keep the competitiveness that today India has. The cost competitiveness is quite good; the engineering capability is quite good. But how do we make this sustainable for the future?'. For one, as India transitions to cleaner mobility solutions such as battery electric vehicles, 'a solid roadmap' has to be put in place to expand infrastructure. Espinosa said government support is also needed to make EVs viable in the future in India. 'So, a lot of work to be done, which is not only specific to India. But a lot of work needs to be done to keep the (growth in sales of) electric vehicles at the pace governments or some of the governments are intending.'


Time of India
42 minutes ago
- Time of India
Sensex falls over 100 pts, Nifty below 24,800; IT, banking stocks drag on Fed cues
Indian benchmark equity indices opened lower for the third straight session on Thursday, weighed down by losses in IT and banking stocks amid hawkish signals from the US Federal Reserve and ongoing geopolitical tensions in the Middle East. The BSE Sensex was down 153 points, or 0.19%, at 81,287, while the Nifty50 slipped 56 points, or 0.23%, to 24,754 around 9:19 am. Broader Asian markets also traded in the red, with the MSCI Asia ex-Japan index falling 0.8%. On Wall Street, US equities closed mostly flat after the Federal Reserve kept interest rates unchanged but signalled a more gradual pace of rate cuts—now projecting only two reductions by the end of the year. Fed Chair Jerome Powell warned that goods inflation could rise over the summer, partly due to tariffs associated with US President Donald Trump's trade stance. The prospect of a slower monetary easing cycle has dampened foreign investor appetite for emerging market assets, including Indian equities. At the same time, geopolitical risks remain elevated. The Israel-Iran conflict entered its seventh day, with Iranian Supreme Leader Ayatollah Ali Khamenei rejecting Trump's demand for unconditional surrender. In response, Trump said his patience had run out and warned of unpredictable consequences. Live Events Meanwhile, from the Sensex stocks, Tech Mahindra, Adani Ports, IndusInd Bank, HCL Tech, Infosys, and TCS were the top laggards, falling up to 2%. On the other hand, Titan, M&M, Kotak Mahindra Bank, Tata Motors, and Eternal opened with gains. Among individual stocks, ESAF Small Finance Bank soared over 11% after the lender said its board has approved the sale of a pool of non-performing and technically written-off loans worth Rs 735.18 crore to an asset reconstruction company (ARC). Shares of Reliance Infrastructure also rallied over 4% after the Anil Ambani-led company announced a strategic partnership with French aerospace major Dassault Aviation. Its subsidiary, Reliance Aerostructure, will collaborate with Dassault to manufacture Falcon 2000 business jets in India. On the Sectoral front, Nifty IT fell 0.7%, dragged by Tech Mahindra, LTIMindtree, and Infosys. Nifty Metal and Nifty PSU Bank were also in the red, down 0.45% and 0.3%, respectively. In the broader market, the Nifty Midcap 100 traded flat, while the Nifty Smallcap 100 edged up 0.2%. Experts View "The 24500-25000 range for the Nifty is likely to hold till news from the Israel-Iran conflict change for the better or for the worse. If news of deescalation of tensions break, Nifty will break out of the upper band of the range. If the news is about escalation of tensions, particularly relating to troubles in the strait of Hormuz resulting in sharp spike in crude, it would be difficult for Nifty to hold on to the 24500 support level," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments . "The Fed decision and commentary have come on expected lines. Jerome Powell's comment that ' despite heightened uncertainty the economy is in solid position ' is important. However, he has warned that 'tariff effects on inflation can be persistent'. Therefore, it would be realistic not to expect rate cuts from the Fed immediately. The dot plot, however, indicates two rate cuts in 2025. With only 1.4% GDP growth expected this year, the US is unlikely to attract a lot of capital flows. This is favourable for India," Vijayakumar added. Mandar Bhojane, Research Analyst at Choice Broking, said, "For the Nifty 50, key support is seen at 24,600, followed by 24,400 and 24,200. On the upside, resistance levels are placed at 25,000 and 25,200. A breakout above 25,200 may lead to a fresh rally, while a drop below 24,500 could trigger short-term selling pressure." Global Markets Stock markets in Asia edged lower on Thursday while safe havens such as gold and the Japanese yen gained as investors remained on edge over the possible entry of the United States into the week-old Israel-Iran air war. Japan's Nikkei sank 0.8%, with additional downward pressure stemming from a stronger yen, which reduces the value of overseas revenues for the country's heavyweight exporters. Taiwan's stock benchmark slid 0.9%, and Hong Kong's Hang Seng declined 0.8%. U.S. S&P 500 futures pointed 0.4% lower, although most U.S. markets - including Wall Street and the Treasury market - are closed on Thursday for a national holiday. FII/DII Tracker Foreign Institutional Investors (FIIs) were net buyers on June 18, purchasing equities worth Rs 890 crore. Domestic Institutional Investors (DIIs) also remained buyers, investing Rs 1,091 crore during the session. MORE TO COME...


Hindustan Times
an hour ago
- Hindustan Times
RS member Sahney hails India-Canada diplomatic reset
Rajya Sabha member Vikramjit Singh Sahney on Tuesday welcomed the landmark agreement between Prime Minister Narendra Modi and his Canadian counterpart Mark Carney to restore diplomatic representation by appointing new high commissioners for both nations. Calling it a 'moment of much-needed reset,' he said this positive step will ease the hardships faced by Indian citizens, especially NRIs, who have long awaited regular and timely visa services to visit their families and homeland. On the economic implications of this renewed engagement, Sahney said that with over $8.2 billion bilateral trade in 2024 and Canadian investments exceeding $55 billion in India, there is a vast scope to expand cooperation.