Infosys logs drop in hiring

Hyderabad: Infosys, for the first time in its 33 years of existence, recorded a negative growth in employee hiring this fiscal, according to a senior official of the Telangana Government.

Jayesh Ranjan, Secretary of IT Department, quoting the IT giant's co-founder NR Narayana Murthy, said the Bengaluru-based IT bellwether had recruited about 6,000 people so far in the current fiscal as against 20,000 to 25,000 every year.

He further said: “Mr Narayana Murthy told me (recently) that in the 33 years history of Infosys, it is for the first time that they have got a negative growth of employment. Typically, they recruit about 20,000 to 25,000 people every year. This year for the first time they have recruited just 6,000 people.

So recruitment of software engineers and software professionals at Infosys has dropped by 75 per cent. And 7,000 people quit the company for various reasons during the year. So they are minus by 1,000,” Ranjan said in his address at `Indiasoft-2017' conference here on Monday.

On the other side, Infosys CEO Vishal Sikka, speaking at an investor conference in Mumbai, ruled out any controversy, while saying that it’s only a media created such a high drama around the company. Sikka further said: “The company is based on a very strong fabric.

All this drama that has been going on in the media, it’s very distracting.” Meanwhile, NR Narayana Murthy denied the reports that he had withdrawn his concerns about governance lapses at the top management.

Murthy said: “No, I have not withdrawn my concern. They have to be addressed properly by the Board and full transparency should be displayed and people responsible for it should become accountable.”