Infy adds 5,043 employees

ATTRITION DECLINES TO 12.3% IN Q3 FROM 14.3% IN Q2

- URVI MALVANIA

BUCKING THE TREND of sequentially dropping headcount at large-cap IT companies, Infosys added 5,043 employees to its workforce in the December quarter.

According to the management, the headcount rise can be seen as an indicator of improving demand environment. “It demonstrates we have confidence in where the market is and what we are seeing in it terms of the demand. And that feeds into how we are raising the growth guidance,” Managing Director & CEO Salil Parekh said.

During Q3, Tata Consultancy Services (TCS) saw its employee base drop by over 11,000, while HCLTech reported a reduction of 261 employees.