Infosys Q1 headcount drops by 1,908; to hire up to 20,000 freshers in FY25
Infosys, India’s second-largest IT services giant, has seen a reduction in its headcount during the April to June period by 1,908 employees, marking the sixth consecutive quarterly decline in its total workforce.
Its total employees for the period ending June stood at 315,332 as compared to 317,240 in the March quarter. The employee count declined by 20,962 from a year ago.
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Offering CollegeCourseWebsiteMIT xPROMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitThe company said it plans to hire around 15,000-20,000 freshers in the year ahead.
The attrition rate for Q1 of the fiscal year 2025 on the last twelve-month basis edged up to 12.7%, from 12.6% in the previous quarter.
In comparison, its bigger peer and country’s largest IT major Tata Consultancy Services (TCS) saw net addition of 5,452 employees for the April to June quarter ending its total employee count at 606,998.
While smaller rival HCLTech, the third largest player in the sector, witnessed a substantial drop in its employee count by 8,080 for the three-month period ending June.
Reporting financial earnings on Thursday, Infosys said its first-quarter net profit declined 20.1% sequentially, despite seeing a revenue gain of 3.7% quarter on quarter (Q-o-Q).
Its net profit rose 7.1% year-on-year (YoY) to Rs 6,368 crore from a year ago’s Rs 5,945 crore in Q1FY24.
For FY25, its
