Infosys employee strength down by 945 in Q1
IT major Infosys Technlogies today said the number of its employees declined by 945 in the first quarter of this fiscal.business Updated: Jul 10, 2009 13:24 IST
IT major Infosys Technlogies on Friday said the number of its employees declined by 945 in the first quarter of this fiscal.
The company had hired close to 3,538 employees in the June quarter, but after taking into account attrition and other factors its total strength has actually lowered.
"During the quarter, Infosys and its subsidiaries added 3,538 employees (gross). The net decline during the quarter was 945," the company statement said.
As on June 30, 2009, Infosys and its subsidiaries have a total of 1,03,905 employees on board, it added.
"We believe that in the short term the global economic environment will continue to be challenging. We are working closely with our clients to help them navigate the downturn. We continue to invest in the future to take advantage of the growth opportunities in the medium to long term," Infosys CEO and Managing Director S Gopalakrishnan said.
In the fourth quarter last year, the company had seen net additions of 1,772 employees, while in the first quarter of previous fiscal there were net additions of 94,379 employees.
The company witnessed an attrition of 11.1 per cent in the first quarter of this fiscal against 13.6 per cent in the corresponding period in previous fiscal.
Besides, in the entire financial year ended March 31, 2009, the company had hired 28,231 employees, but the net additions for the year were just 13,663.