Summary:

Infosys, India's second-largest IT services provider, plans to add up to 20,000 new employees in FY25 after a six-quarter decline in its workforce. The hiring will include both on-campus and off-campus recruitment. CFO Jayesh Sanghrajka noted that with an 85.3% utilization rate, the hiring is linked to growth plans. This follows a reduction of 1,908 jobs in Q1 FY25, bringing the total headcount to 315,332.

Infosys' hiring target aligns with industry trends, as TCS aims to recruit 40,000 new employees and HCLTech plans to add 10,000. TCS onboarded 11,000 new workers in Q1 FY25, despite a three-quarter reduction in its workforce, ending with 606,998 employees. Infosys' attrition rate for Q1 FY25 stands at 12.7%, while TCS and HCLTech report rates of 12.1% and 12.8%, respectively.

Source: IBEF 

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