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Infosys to hire 10,000 less this fiscal news
12 August 2008

Mumbai: Infosys Technologies, the country's second largest software firm, has scaled down its hiring plans to about 25,000 people in the current fiscal, nearly 29 per cent less than the total recruitments in the last financial year, indicating a slowdown in the IT sector.

Infosy had recruited 35,000 people in the 2007-08 financial year.

''We are planning to hire 25,000 people in the current fiscal and among them, 18,000 would be hired through campus recruitment,'' Nandita Gurjar, Infosys senior vice president and group head of human resources, said.

She said while the company generally wants people to come in hiring could slow down in the last two quarters of the fiscal, but said the changes in hiring plans have nothing to do with the global slowdown.

''The third and fourth quarters would be the time when the firm tends to tighten up its hiring," she added.

She said the reason for lower numbers may include many other factors, including infrastructure and business plans.

Infosys had 3,372 trainees for the quarter ended 30 June 2008 against 5,070 in the corresponding period a year ago, she said, adding, attrition levels have come down in recent times and is hovering little over 13 per cent.

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Infosys to hire 10,000 less this fiscal