Infosys hires 11,900 freshers in FY24, down from 50,000

Infosys has markedly reduced its intake of college graduates at 11,900 in FY24, which is a significant drop from the over 50,000 freshers the company recruited the previous year.

The company’s CEO and MD, Salil Parekh, disclosed these figures in the FY24 annual report released on Monday. “We recruited nearly 11,900 college graduates in the year and ended the year with over 317,000 employees,” said Parekh. This reduction is part of a broader industry trend where top Indian IT companies have collectively seen a reduction in workforce numbers amidst uncertain demand and other market dynamics.