Amid news of layoffs in rival TCS, Infosys CEO has confirmed the company’s plan to recruit around 20,000 college graduates this year.
Infosys CEO Salil Parekh has confirmed the company’s plan to recruit around 20,000 college graduates this year, according to a report by The Times of India. (Image: File Pic)
“We recruited over 17,000 people (gross hiring) in the first quarter and plan to bring in about 20,000 college graduates this year,” Parekh told the publication. (Image: File Pic)
The hiring announcement comes shortly after Tata Consultancy Services (TCS), a key rival, revealed its decision to lay off more than 12,000 employees—marking the largest layoff in India’s IT sector to date. No other Indian IT firm has announced job cuts of a similar scale so far this fiscal year. (Image: File Pic)
Speaking on the role of AI in shaping business models, Parekh said, “AI allows for deeper automation and insights,” but also requires “higher-level skills and more effort.” He reiterated that Infosys is continuing to expand its workforce, underscoring its long-term commitment to talent and technology. (Image: File Pic)
On the automation front, Parekh pointed out that productivity in software development has increased by 5% to 15% due to AI, with even larger gains seen in customer service and knowledge-based tasks. (Image: File Pic)
Still, he emphasized the importance of human oversight in complex systems. “Infosys Finacle, our banking platform, delivers around 20% productivity improvement by blending automation with human oversight,” he said. (Image: File Pic)
Addressing the topic of compensation, Parekh noted that Infosys had already concluded salary hikes for Q4 and Q1 of the last fiscal year. “Now that this cycle is complete, we are beginning to evaluate the timing for the next round—as we do after every cycle. We will stick with our existing process and announce the next cycle at the right time,” he added. (Image: File Pic)
