Infosys to Hire 20,000 Fresh Graduates in FY27, Reports Significant Quarter-on-Quarter Decline in Workforce
Infosys Sees 8,440 Decline in Headcount in Q4 FY26
Infosys, a Bengaluru-based IT services major, reported a decline of 8,440 in its headcount in the fourth quarter of fiscal year 26 (FY26). This marks a significant drop from the previous six consecutive quarters in which the company saw an increase in its employee base. As of the end of the January-March period, the company's employee base stood at 3,28,594.
The attrition rate for the quarter grew to 12.6 percent from the previous quarter's 12.3 percent on a last-twelve-month basis. The decline in headcount can be attributed to softer volumes and the need to account for freshers in the system.
In comparison to its peers, Infosys saw a decline in headcount, while its rivals reported varying results. Tata Consultancy Services (TCS) reported an increase of 2,356 in headcount in Q4, while HCLTech added 802 employees. Wipro's headcount marginally increased by 135 sequentially in Q4. Tech Mahindra, on the other hand, lost around 1,993 employees.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
| Company | Q4 Headcount Change |
|---|---|
| Infosys | -8,440 |
| TCS | +2,356 |
| HCLTech | +802 |
| Wipro | +135 |
| Tech Mahindra | -1,993 |
Infosys has set a target to hire 20,000 college graduates in FY27, with 18,000 already recruited in the first three quarters of FY26. The company expects to meet its hiring target by the end of FY26.
Investor Takeaway
Infosys' headcount decline may impact its future growth prospects.
More in Market
Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Indian Stocks to Watch: BHEL, Agarwal Industrial, JBM Auto, Rajesh Exports, Indian Energy Exchange, Lenskart Solutions in Market Focus on June 4.
