Infosys cuts down hiring target by 10,000 | business | Hindustan Times
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Infosys cuts down hiring target by 10,000

Indicating a slowdown in hiring activities in the IT sector, the country's second largest software firm Infosys on Tuesday said it plans to hire about 25,000 people in the current fiscal.

business Updated: Aug 12, 2008 16:13 IST

Indicating a slowdown in hiring activities in the IT sector, the country's second largest software firm Infosys on Tuesday said it plans to hire about 25,000 people in the current fiscal, nearly 29 per cent less than the total recruitments in the last financial year.

The IT bellwether had recruited 35,000 people in 2007-08.

"We are planning to hire 25,000 people in the current fiscal and among them, 18,000 would be hired through campus recruitment," Infosys Senior Vice-President & Group Head of Human Resources Nandita Gurjar told reporters here today.

Pointing out that the firm has not made any changes in hiring plans due to global slowdown, she said that impact on hiring could be visible in the last two quarters of the current fiscal.

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

Noting that the company would have liked more people to come in, Nandita Gurjar said the reason for lower numbers is not just due to economic slowdown but many other factors including infrastructure and business plans.

According to statistics provided by the firm, it had 3,372 trainees for the quarter ended June 30, 2008 whereas the same stood at 5,070 in the corresponding period a year ago.

On attrition rates, Nandita Gurjar said that the levels have come down in recent times and is hovering little over 13 per cent. As on the first quarter of this fiscal, the attrition was at 13.6 per cent, which is marginally lower than 13.7 per cent in the year-ago period.