Infosys witnesses 76% decrease in campus hiring for FY24

Infosys witnesses 76% decrease in campus hiring for FY24

Infosys campus hiring has decreased by 76% meaning the company  recruited nearly 11,900 college graduates in the financial year ended 2024. Company had hired around 50K freshers  FY 23 as per media reports.

“We recruited nearly 11,900 college graduates in the year and ended the year with over 3,17,000 employees. Our attrition reduced to 12.6%. We trained over 2,50,000 employees on AI skills. Our focus on gender diversity continues with about 39% of our workforce consisting of women employees,” Parekh said in the company’s annual report released on June 3.

Also read: Mental Health Leaves Build Productive Workplaces by Asmita Ramdhave, Prisha Khanna & Dr. Moulika Mandal 

Infosys’ headcount during the year was 317,000, the lowest level in at least 23 years since 2001. This is coming two days after IT employee union, Nascent Information Technology Employees Senate (NITES) had alleged that the company has been “repeatedly delaying onboarding of over 2,000 campus recruits.”

Infosys has avoided campus hiring at least for the past three quarters, as it monitors its utilisation rates and follows a flexible hiring strategy.

“We have changed our hiring model significantly. We no more hire all the freshers from campus. We hire less than half of them from campus and more than half of them off campus,” chief financial officer Jayesh Sanghrajka had said at the company’s fourth quarter earnings conference in April.

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