Infosys, India’s second-largest IT firm, will be hiring around 15,000 to 20,000 new graduates in the fiscal year 2025. This announcement comes as a promising development for recent and soon-to-be college graduates amidst a challenging year for IT job opportunities.
In the fiscal year 2024, Infosys recruited 11,900 freshers, marking a significant 76 percent decrease compared to the over 50,000 freshers hired in the previous fiscal year, FY23.
During the company’s first quarter earnings conference on July 18, Jayesh Sanghrajka, Infosys’ Chief Financial Officer (CFO), remarked, “Over the past several quarters, we have transitioned to a more agile hiring strategy. We recruit freshers both from on-campus and off-campus sources. In this quarter, we observed a net decline of 2000 personnel, which was less than in previous quarters. Our utilization rate is currently at 85 percent, leaving us with limited additional capacity. As growth resumes, we will focus on expanding our hiring efforts.”
“We are looking to hire 15,000-20,000 freshers this year depending on how we see the growth,” he added, without divulging the number of freshers on boarded in Q1.
Meanwhile, Tata Consultancy Services (TCS) will be hiring about 40,000 freshers in FY25, of which it has already on boarded around 11,000 trainees in Q1.
As of Q1, Infosys’ headcount declined by 1,908 for the sixth consecutive quarter. In comparison, peers like TCS added 5,452 employees on a net basis. TCS’ overall headcount, however, dropped 1,759 sequentially as compared to the March period. HCLTech’s headcount declined sequentially by 8,080 in Q1FY25.
LTIMindtree was an exception, which added around 284 employees sequentially in Q1.