Infosys adds 5,043 employees in Q3

Infosys has bolstered its workforce by adding 5,043 new employees in the third quarter of the fiscal year. This expansion comes as part of the company's strategic growth initiatives, which aim to enhance its service capabilities and meet increasing demand across global markets. The hiring surge reflects Infosys's commitment to investing in talent and strengthening its position as a leader in the IT services sector. A notable development this quarter is the decline in attrition rates, which have decreased to 12.3% from 14.3% in the previous quarter. This reduction suggests improved employee satisfaction and retention, likely influenced by Infosys's ongoing efforts to create a supportive work environment and provide career development opportunities. Lower attrition rates are crucial for maintaining continuity and expertise within the company, ultimately benefiting clients and stakeholders. The increase in workforce and decrease in attrition are positive indicators of Infosys's robust health and resilience in a competitive industry. As the company continues to adapt to evolving market demands, the focus on talent acquisition and retention will play a pivotal role in sustaining its growth trajectory. These developments underscore Infosys's strategic direction and its potential to drive innovation and deliver value to customers worldwide.

— Authored by Next24 Live