Infosys to hire 20,000 freshers this year amid AI push
What's the story
Infosys CEO Salil Parekh has announced plans to hire around 20,000 fresh graduates this year. The announcement comes amid strategic investments in artificial intelligence (AI) and reskilling initiatives at the company. Parekh also assured that there would be no job cuts despite the changing technological landscape. He emphasized that while AI enables automation and insights, it also requires advanced skills from employees.
Workforce growth
Commitment to workforce expansion
Parekh said, "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 also emphasized the company's commitment to both people and technology. Infosys has trained around 275,000 employees at various levels through its reskilling initiatives.
AI impact
AI's role in productivity and human expertise
Parekh spoke about the impact of AI on productivity, saying it allows for deeper automation and insights but demands higher-level skills and more effort. He highlighted that software development is witnessing 5% to 15% productivity gains due to AI-driven automation. However, he also stressed the importance of human expertize, especially for complex integrated systems like Infosys Finacle, which delivers around 20% productivity improvement by blending automation with human oversight.