India Inc sees a dip in attrition to 17% in 2023 amidst global tech downturn: Deloitte survey

India's attrition levels dropped to 17% in 2023 from 19.7% in 2022 due to a subdued job market, macroeconomic headwinds, layoffs across sectors, and an uncertain future environment. The IT/ITeS sector saw the biggest drop in attrition, with employee turnover falling to 15.5% in 2023 from 21.3% in 2022. Financial services saw a rise in attrition numbers to 32.7% in 2023 from 29.2% in 2022.