Infosys hiring drops by 76%; 11,900 college graduates hired in FY24

Indian IT services giant Infosys reported a 76 per cent drop in college graduates hiring in the previous financial year. According to the annual financial report, in FY23, Infosys hired 50,000 freshers. However, this number dropped to 11,900 hires in FY24.

On the other side, the attrition rate was reduced to 12.6 per cent compared with 20.9 per cent in FY23.

“The current headcount at Infosys is over 3,17,000 employees. We trained over 2,50,000 employees in AI skills,” said Infosys CEO and Managing Director Salil Parekh in his address to shareholders.