Tuff to get into Infosys for aspirants now
In contrary to its known trend, Infosys, the IT giant limited the hiring of employees in the first quarter (June-April) of 2012-13 fiscal in comparision to the fourth quarter (January-March) of the last fiscal. This reason behind the less hiring is the negative growth in business and lower revenue forecast.
In a regulatory filing on Thursday today, the IT forerunner said the gross addition for the first quarter (Q1) under review was 9,236 as against 10,676 in the last quarter (Q4) and 9,922 a year ago.
With a significant number of 8,079 employees leaving the company during the quarter as against 5,770 in fourth quarter and 7,182 year ago, net hiring declined to 1,157 in comparison to 4,906 in last quarter and 2,740 in 2010.
This resulted in the increase of the parent company's employees' strength marginally to 151,151 from 149,994 sequentially and 133,560 a year ago.
Reduction rate of the hiring increased to 14.9 percent sequentially from 14.7 percent but declined from 15.8 percent a year ago.
Including all the eight subsidiaries in India and overseas, the company?s business process outsourcing (BPO) operations hired 1,798 people, taking its employee count to 22,321 in first quarter (Q1) from 20,523 in last quarter (Q4) and 18,816 a year ago.
Moreover, Infosys Australian subsidiary, hired only two persons as against 674 in previous quarter and 539 year ago. Hiring also declined subsequently in its Chinese subsidiary to 3,030 from 3,092 last quarter but up from 2,945 a year ago.
-With inputs from IANS
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