Infosys hiring drops by 76%; 11,900 school graduates employed in FY24 

Indian IT companies large Infosys reported a 76 per cent drop in school graduates hiring within the earlier monetary yr. Based on the annual monetary report, in FY23, Infosys employed 50,000 freshers. Nonetheless, this quantity dropped to 11,900 hires in FY24.

On the opposite facet, the attrition fee was lowered to 12.6 per cent in contrast with 20.9 per cent in FY23. 

“The present headcount at Infosys is over 3,17,000 workers. We educated over 2,50,000 workers in AI expertise,” stated Infosys CEO and Managing Director Salil Parekh in his handle to shareholders. 

He added that Infosys is at present the main firm in AI and generative AI. 

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“We’re within the second yr of the generative AI revolution. The true energy of AI will come from configuring all of the completely different fashions and instruments to get the very best options. This isn’t very completely different from earlier generations of expertise. The rise of highly effective open-source AI fashions has accelerated the deployment of AI to unravel robust enterprise and societal challenges. Though there might be focus threat within the {hardware} and cloud infrastructure house, as we transfer into precise use instances, a thousand flowers will bloom,” stated Nandan Nilekani, the Chairman of Infosys. 

The report additionally confirmed that Infosys spent an annual common of 74.6 hours (about 3 days) of coaching per worker. Investments in worker well-being went as much as ₹1,615 crore. By way of Pulse, Infosys’ suggestions mechanism amassing real-time suggestions from workers anonymously on work, studying, and careers, worker satisfaction for FY24 was recorded at 80 per cent. Over 1.60 lakh workers participated on this survey.