Latest news with #SalilParekh
Time of India
8 hours ago
- Business
- Time of India
Infosys sees ‘good activity' on projects; moves forward with new hiring
Synopsis As the sector faces an AI-led employee shift, Infosys is betting on skills over job cuts. CEO Salil Parekh said the company is experiencing strong demand from clients in areas where it has strong skills. He reiterated the company's target of hiring 20,000 freshers during FY26, which was set at the end of the previous fiscal year.
Economic Times
8 hours ago
- 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.
Hindustan Times
9 hours ago
- 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.
Time of India
12 hours ago
- Business
- Time of India
No layoffs at Infosys: India's second-largest IT company plans to hire more amid buzz over TCS job cuts
Tata Consultancy Services has begun laying off over 12,000 employees, its biggest workforce reduction in years. The move has caused unease across India's tech sector. The timing, amid slowing global demand and automation pressures, has prompted fears that other major firms may follow suit, as reported by TOI. Most of those affected are mid and senior-level staff. The layoff represents around 2 percent of the company's total workforce, marking a stark shift for an organisation known for stability and gradual scaling. 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Infosys takes a different path As TCS lets go of thousands, Infosys is choosing a steadier route. Chief Executive Salil Parekh made it clear that job cuts are not on the table. Live Events 'We recruited over 17,000 people (gross hiring) in the first quarter and plan to bring in about 20,000 college graduates this year,' said Parekh. This isn't just about hiring. Infosys has also trained over 275,000 employees in artificial intelligence at various levels. That investment is being positioned as the company's shield against the volatility seen elsewhere in the sector. Reskilling as core strategy Infosys is doubling down on upskilling. AI, cloud computing and enterprise platforms are now central to its workforce plan. 'We've been deeply focused on AI transformation, whether it's building AI agents or developing smaller language models internally,' said Parekh. The firm's strategy rests not only on keeping pace with technological change, but on anticipating it. Strategic consolidation of client partnerships is also opening up new internal roles. This echoes what Infosys achieved during its earlier digital transformation years — creating room for talent by pivoting into fresh demand areas. Growth guidance and market confidence Infosys recently updated its guidance for FY26, raising the lower end from 0 percent to 1 percent. The new range is 1 to 3 percent in constant currency, which may look modest, but it reflects the current state of the global market. Parekh added, 'If you look globally — especially in Europe and the US — macroeconomic shifts are either stabilising or still playing out. My view is that as these trends mature and the environment becomes more stable, we will return to stronger expansion.' Technology remains at the centre of this rebound, with demand continuing in areas like data and process transformation. Infosys sees this phase as a structural reset, not a collapse. Changing models, same intent With automation gaining ground, industry watchers have questioned whether traditional models like the bench system or pyramid hiring still apply. Parekh responded, 'There are clear changes in the business model, but they also open new opportunities. AI allows for deeper automation and insights but also demands higher-level skills and more effort.' Infosys maintains that its utilisation model is intact. The approach remains centred on aligning talent with project needs. The graduate intake programme continues to feed into this model, ensuring continuity in delivery. AI's promise still needs people While automation and AI tools are accelerating productivity, Parekh emphasised that human involvement is not going away. 'We're seeing 5 to 15 percent productivity gains in software development through AI and automation, and even more in customer service and knowledge tasks. But human involvement remains central, especially in complex, integrated systems,' he said. The Infosys Finacle banking platform, for example, shows a 20 percent productivity lift by pairing automation with human oversight. Infosys compensation: No surprises yet On the subject of salary revisions, Infosys has kept things predictable. Increases were completed for Q4 and Q1 of the last fiscal year. 'The process remains comprehensive and applies across levels. We will continue with this approach,' said Parekh. Though the company is evaluating the next cycle, no changes are expected. During the COVID-19 years, the standard pattern had shifted, but normal scheduling has since resumed. Hiring target unchanged, despite modest headcount bump Infosys added just 210 net new employees in the latest quarter. That's a sharp contrast to its previous pace, but the hiring plan for 20,000 graduates this year is still in place. 'Our utilisation is healthy, and our cautious approach reflects macro conditions. As the outlook becomes more stable, hiring will adjust accordingly,' Parekh said. It's a balancing act: meeting client needs while avoiding overcapacity. For now, the company believes it has struck the right equilibrium. Engagement with GCCs and custom client models Infosys continues to deepen its work with Global Capability Centres (GCCs), supporting clients through AI integration and tech transformation. 'We bring deep institutional knowledge and work closely with clients to scale GCC operations, implement AI, and roll out next-gen technologies,' Parekh explained. Each vertical is now managed with closer collaboration. The firm also offers bespoke solutions for clients that need tailored models — from SaaS launches to public cloud adoption. Revenue mix and selective transformation work One red flag was a sharp drop in third-party revenue in Q1. Currently, licensing revenue makes up 7 to 8 percent of the company's earnings, which may raise concerns about the strength of its core service offerings. But Infosys says it's making deliberate choices. 'We expect third-party revenue to stay subdued this year, as we pursue such work only at the client's specific request,' said Parekh. Full-scope projects, involving software, hardware, and services, are only accepted when absolutely necessary. Where possible, Infosys takes a support-only role. Industry context: A decade of growth meets market reality TCS, Infosys, Wipro , and HCL Technologies together employ over 1.37 million people. Over the last decade, these firms expanded aggressively, especially after the pandemic sparked a digital surge. TCS alone added nearly 293,000 employees over ten years, growing from around 319,000 in FY2015 to over 613,000 by June 2025. Infosys followed with an 84 percent increase, reaching 323,578 staff. Wipro grew its base by 64 percent, and HCL Tech more than doubled its workforce to over 227,000 by FY2024. But after peaking in FY2023, all four have seen a shift in hiring momentum. Now, the priority is realignment — more automation, sharper efficiency, and fewer bets on headcount-heavy growth. The TCS layoffs may mark the end of an era of unchecked expansion in Indian IT. But Infosys is signalling that thoughtful reskilling, investment in freshers, and steady tech transformation can offer a different way forward. For professionals watching closely, one thing is clear. The job market is evolving, but adaptation — not panic — will decide who stays relevant.
News18
14 hours ago
- 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.
