At a time when the IT sector is grappling with massive layoffs, Infosys has announced hiring plans for 20,000 candidates over the coming months. Infosys’ hiring plan comes at a time when its rival, Tata Consultancy Services (TCS) laid plans to let go of 2 per cent of its global workforce, amounting to approximately 12,000 affected employees. Infosys has not said anything regarding a reorganisation in its workforce so far, but plans expansion with fresh talent.
Infosys to hire 20,000 freshers
Infosys plans to onboard approximately 20,000 fresh graduates in 2025, signaling a strategic investment in talent. According to CEO Salil Parekh, this substantial hiring initiative is closely tied to the company’s new focus on Artificial Intelligence (AI) and the development of related skill sets. Parekh shed light on Infosys’s early and proactive investments in AI, noting that around 2.75 lakh (275,000) employees have already undergone training in AI and allied domains.
Hence, like most of its rivals, Infosys seems to be preparing for the future but with no layoffs or reorganisation of its workforce in the near future. On the other hand, TCS has confirmed laying off approximately 12,000 employees across its offices. Additionally, HCLTech has also hinted at laying off employees in the near future for operational efficiency and to be future-ready.
IT sector to witness more layoffs
Infosys’ stands in stark contrast to the prevailing uncertainty and “workforce rationalisation” being observed across the broader IT industry. Nasscom, the Indian IT industry body, has also pointed to a shift towards product-based delivery and a heightened demand for faster solutions from global clients as factors contributing to these changes.
Despite the industry-wide shifts, Infosys remains optimistic about the potential of AI to drive productivity gains. The company anticipates AI contributing to a 5% to 15% increase in productivity for software development and a notable 20% improvement in its core banking platform, Finacle.
