IT bellwether Tata Consultancy Services (TCS) has been recording a fall in attrition from the previous sequential quarters, with it reaching a comfortable level of 12.5% in the fourth quarter. Going forward, the Tata Group company expects attrition to further fall by 30-50 basis points. The firm intends to hire 40,000 freshers this year too, its executive vice president and chief human resources officer Milind Lakkad told FE Rajesh Kurup in an interview. The IT firm, as part of its “co-strategy”, has been hiring locals in the US, with it onboarding 20,000 locals since the pandemic and 1,100 in Q4 alone, he said. Excerpts: