Latest news with #InfosysFinacle
News18
31-07-2025
- Business
- News18
Around 20,000 Freshers To Be Hired By This Major IT Company
Last Updated: IT giant Infosys plans to hire around 20,000 freshers this year, amid news of major layoffs in key rival TCS. Amid news of layoffs in rival TCS, Infosys CEO has confirmed the company's plan to recruit around 20,000 college graduates this year. 1/7 2/7 Speaking on the role of AI in shaping business models, Parekh said, 'AI allows for deeper automation and insights," but also requires 'higher-level skills and more effort." He reiterated that Infosys is continuing to expand its workforce, underscoring its long-term commitment to talent and technology. (Image: File Pic) Still, he emphasized the importance of human oversight in complex systems. 'Infosys Finacle, our banking platform, delivers around 20% productivity improvement by blending automation with human oversight," he said. (Image: File Pic) Addressing the topic of compensation, Parekh noted that Infosys had already concluded salary hikes for Q4 and Q1 of the last fiscal year. '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," he added. (Image: File Pic)
Economic Times
30-07-2025
- Business
- Economic Times
Infosys to hire 20,000 freshers amid IT job loss fears
Infosys CEO Salil Parekh has confirmed the company's plan to hire around 20,000 graduates this year, according to a report in The Times of India.'We recruited over 17,000 people (gross hiring) in the first quarter and plan to bring in about 20,000 college graduates this year,' he told TOI. Parekh said the company has been able to stay slightly ahead by investing strategically in artificial intelligence (AI) and reskilling. So far, the IT major has trained around 275,000 employees at various levels. The Infosys CEO's comments come close on the heels of the company's rival Tata Consultancy Services (TCS) announcing layoffs of over 12,000 people, the largest-ever in the country's IT sector. So far this fiscal year, no other Indian IT company has announced layoffs on this scale. Also Read: TCS is slashing 12,000 jobs in India's biggest IT layoff; will others follow? However, Nasscom, on Tuesday, said it anticipates some level of 'workforce rationalisation' in the near term for the sector. It said that the cuts will be due to the pivot toward product-aligned delivery models and the rising demand from global clients for greater agility, speed, and innovation, AI impact Speaking about AI's impact, Parekh said, 'AI allows for deeper automation and insights,' but also 'demands higher-level skills and more effort.' He added that Infosys continues to expand its workforce, reflecting its long-term commitment to both people and technology. Automation gains When asked about AI-driven automation in coding, Parekh noted that software development is seeing 5% to 15% productivity gains and even more in customer service and knowledge he stressed the importance of human expertise, especially for complex and integrated systems. 'Infosys Finacle, our banking platform, delivers around 20% productivity improvement by blending automation with human oversight.' On wage hikes Parekh said that the company has already concluded the compensation increases for Q4 and Q1 of the last fiscal year. '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.
India.com
30-07-2025
- Business
- India.com
Days after Ratan Tata's TCS decides to sack 12000 employees, Narayana Murthy's Infosys makes big statement, set to affect 20000 people due to...
Narayana Murthy-led Infosys plans to hire about 20,000 freshers in 2025. (File) Infosys jobs: Amidst the stunning announcement by Tata Consultancy Services (TCS) to sack as many as 12,000 employees in its fresh round of layoffs, rival IT major, Infosys has announced plans to hire about 20,000 freshers in 2025. A media report quoting Infosys CEO Salil Parekh said the new hirings by the Narayana Murthy-led company will be focused on building artificial intelligence (AI) skills. Why Infosys is hiring freshers? Parekh revealed that Infosys has already recruited more than 17,000 new workers in in the first quarter of the current fiscal year, and has imparted AI training to around 2.75 lakh of its employees at various levels, The Times of India (TOI) reported. As per the report, the Narayana Murthy-led IT giant is heavily focused on building AI skills, and the new hiring push is part of the company's broader strategy to stay ahead of its competitors amid a rapidly evolving tech space. 'AI allows for deeper automation and insights. But it also demands higher-level skills and more effort,' the Infosys CEO said, adding that the long-term goal of the company's workforce expansion is to upscale its technological capabilities. What Infosys CEO said about company's AI push? Talking about the growing role AI, the CEO said that Infosys has already reaping the benefits of using AI tools as software development has witnessed 5% to 15% productivity gains, while improvements were also visible in customer service and knowledge-based work. However, Parekh stressed the critical need for human skills, noting that expert oversight is still required for complex systems such as Infosys Finacle, the company's core banking platform, which he said employs a mix of automation and human control, resulting in a 20% productivity growth. TCS layoffs Meanwhile, the announcement comes amidst the backdrop of Tata Group-owned TCS, Infosys' main rival, announcing plans to cut two percent of its global workforce, which would result in over 12,000 TCS workers losing their jobs in the current financial year. TCS layoffs, the largest in the history of India's IT industry, will affect workers from all countries and domains where the company is operational. The TCS layoffs are likely to be conducted between April 2025 and March 2026, Moneycontrol reported.
Hindustan Times
30-07-2025
- Business
- Hindustan Times
Infosys to hire 20,000 graduates this year amid AI push
Infosys chief executive Salil Parekh has confirmed that the company plans to hire around 20,000 college graduates this year. CEO Salil Parekh confirms that Infosys plans to bring in about 20,000 college graduates this year.(ANI) 'We recruited over 17,000 people (gross hiring) in the first quarter and plan to bring in about 20,000 college graduates this year,' The Times of India quoted Parekh. Parekh said the company is focusing on artificial intelligence and workforce development to stay ahead. Infosys has so far trained nearly 2.75 lakh employees in AI and digital technologies at different levels. Talking about the role of AI in operations, Parekh said, 'AI allows for deeper automation and insights,' but added that it also demands 'higher-level skills and more effort.' He said Infosys remains focused on growing its workforce and building long-term strength in both talent and technology. Also Read: Over 100 sacked Infosys employees petition PMO, IT giant rejects charges: Report Infosys is 'deeply focused on AI transformation' He said, 'We've been deeply focused on AI transformation — whether it's building AI agents or developing smaller language models internally.' Parekh added that software development productivity has improved by 5 to 15 percent with AI. He said larger improvements have been seen in areas like customer service and knowledge work. At the same time, he stressed that human involvement is still essential for complex systems. 'Infosys Finacle, our banking platform, delivers around 20% productivity improvement by blending automation with human oversight,' he said. On salaries, Parekh said Infosys had completed its appraisal cycles for the fourth quarter and the first quarter of the last financial year. '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,' he added. Also Read: 'No longer with company': What Infosys said on employee held for filming woman in washroom The hiring update comes just days after rival company Tata Consultancy Services (TCS) announced it would cut more than 12,000 jobs. This is the biggest layoff seen in the Indian IT sector so far. No other major IT firm in India has reported job cuts on this scale in the current financial year.
News18
30-07-2025
- Business
- News18
Infosys Plans To Hire 20,000 Fresh Graduates In 2025 Amid AI Push
Infosys CEO Salil Parekh has confirmed the company's plan to recruit around 20,000 college graduates this year Infosys CEO Salil Parekh has confirmed the company's plan to recruit around 20,000 college graduates this year, according to a report by The Times of India. 'We recruited over 17,000 people (gross hiring) in the first quarter and plan to bring in about 20,000 college graduates this year," Parekh told the publication. Highlighting the company's strategic focus on artificial intelligence (AI) and workforce development, Parekh said Infosys has maintained an edge by investing in both areas. So far, the IT major has trained nearly 275,000 employees at different levels in AI and digital skills. The hiring announcement comes shortly after Tata Consultancy Services (TCS), a key rival, revealed its decision to lay off more than 12,000 employees—marking the largest layoff in India's IT sector to date. No other Indian IT firm has announced job cuts of a similar scale so far this fiscal year. Industry body Nasscom, however, recently flagged that the sector may witness more 'workforce rationalisation" in the near term. This, it said, would be driven by a shift toward product-aligned delivery models and growing demands from global clients for agility, speed, and innovation. Speaking on the role of AI in shaping business models, Parekh said, 'AI allows for deeper automation and insights," but also requires 'higher-level skills and more effort." He reiterated that Infosys is continuing to expand its workforce, underscoring its long-term commitment to talent and technology. On the automation front, Parekh pointed out that productivity in software development has increased by 5% to 15% due to AI, with even larger gains seen in customer service and knowledge-based tasks. Still, he emphasized the importance of human oversight in complex systems. 'Infosys Finacle, our banking platform, delivers around 20% productivity improvement by blending automation with human oversight," he said. Addressing the topic of compensation, Parekh noted that Infosys had already concluded salary hikes for Q4 and Q1 of the last fiscal year. '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," he added. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
