During the time when IT employees live in a fear of job loss, the Indian IT major, Infosys chief executive Salil Parekh has announced that the company is planning to hire around 20,000 college graduates this year.
Infosys Announced Employment For 20,000 College Graduates
Moving ahead, the chief executive Salil Parekh said, “We recruited over 17,000 people (gross hiring) in the first quarter and plan to bring in about 20,000 college graduates this year,” in a media report.
Further adding that the IT service provider is focusing on artificial intelligence and workforce development to stay ahead.
So far, the company has trained nearly 2.75 lakh employees in AI and digital technologies at different levels.
While talking about the role of AI in operations, Parekh noted, “AI allows for deeper automation and insights,” but added that it also demands “higher-level skills and more effort.”
In the meantime, the company remains focused on growing its workforce and building long-term strength in both talent and technology, Parekh said.
According to him, Infosys is ‘deeply focused on AI transformation’, “We’ve been deeply focused on AI transformation — whether it’s building AI agents or developing smaller language models internally.”
Human Involvement Still Essential
The software development productivity has improved by 5 to 15 percent with AI, said Parekh adding, larger improvements have been seen in areas like customer service and knowledge work.
Moving ahead, he stressed that human involvement is still essential for complex systems.
Parekh said, “Infosys Finacle, our banking platform, delivers around 20% productivity improvement by blending automation with human oversight.”
While talking on the subject of salaries, Parekh said Infosys had completed its appraisal cycles for the fourth quarter and the first quarter of the last financial year.
He further added, “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.”
Interestingly, the timing of the hiring update comes just days after rival company Tata Consultancy Services (TCS) announced it would cut more than 12,000 jobs.
That’s a big number as this is the biggest layoff seen in the Indian IT sector so far.
This is significant as no other major IT firm in India has reported job cuts on this scale in the current financial year so far.
