Infosys recently announced that it plans to hire 15,000 to 20,000 fresh college graduates in the financial year 2024-2025, despite a challenging job market. The company has shifted to an agile hiring strategy, which includes both on- and off-campus recruitment.
Although there was a drop of 2,000 in headcount, the company noted that it has little headroom left due to its current employee utilization rate of 85 percent, indicating that most of its workforce is actively engaged in projects. However, it also anticipates growth and plans to resume hiring to meet increasing demands. In the previous financial year 2023-2024, Infosys significantly reduced its hiring, bringing on 76 percent fewer fresh graduates.
Compared to this, Tata Consultancy Services (TCS) is set to hire nearly 40,000 fresh graduates in the financial year 2025. Infosys’ first-quarter results indicated a 6.2 percent decrease in total employee strength to 3,15,332 employees, and reported a 7.1 percent increase in net profit.
