July 12, 2007

Infosys to hire 26,000 people this fiscal

India's second largest IT company Infosys Technologies Ltd will be on hiring spree in this fiscal too.

In a bid to stem the growing attrition rate it faces due to competitive pressures from the booming IT industry, especially the multinationals, the company plans to hire a whopping 26,000 people for the year (FY 2008).

"Hiring continues to be strong and attrition is under control. We plan to hire 26,000 people for the year. In the first quarter (April-June), the gross addition was 7004 employees and net addition 3730," Infosys head for HRD and education & research T V Mohandas Pai told the media after the firm announced its Q1 results.

As a result, by the end of the quarter under review (Q1), the total number of employees in the company and its susbidiaries worldwide stood at 75,971 as against 58,409 a year ago and 72,241 a quarter ago.

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