While attrition fell to 12.9% in  Q3  from 14.6% in  2QFY24,  the  company’s utilization rate increased  to 82.7% in the  upcoming quarter through precious.  

  Infosys’  net headcount  fell  by 6,101 to  a total of 322,663 employees  in  the third quarter of  2024.  This  was  the fourth  consecutive  quarter in  which an  IT company reported a decline in its total headcount. 

  In the September quarter of  fiscal 2024,  Infosys had about  3,28,764  employees.  Over  the  past  12 months, the company saw a total decline of 24,182 employees,  or  about 7% of its  workforce in Q3 FY 2023.  This  was  also  the  year  when  the IT  industry saw 3 out  of  the  10 highest paid employees in FY23  leave  the company.  

 While attrition fell to 12.9% in  Q3  from 14.6% in  2QFY24,  the  company’s utilization rate increased  to 82.7% in the  upcoming quarter through precious.  This  compares with  81.8% in the second quarter.  

 Nilanjan Roy, outgoing CFO of Infosys,  said:  “We continue to monitor the  usage  and our  flexible  hiring model with Covid, on  and off campus,  this is  a  post  new  to  us… At this stage, of course,  we are  not seeing  immediate  recruitment on campus.  But  to  increase  numbers,  we have a very strong off-campus  program.  

 After  about five  months of delay,  Infosys last month rolled out  pay  hikes to  select employees,  effective  November 1, with the new amount credited to accounts  along  with  December  salaries . Lower-level employees  who  join  the company after October  2021 will  not  receive a salary increase,  nor  will  those at the  management  level who  join  the  company  after October  2020 receive a salary increase.  Generally,  IT  companies give  annual  salary increases  to  June-July  hires  and they are  effective. right  from the start of the  exercise.  

 Salil Parekh,  CEO of  Infosys, said  many general  AI projects are  underway  and the company now has  100,000 employees trained in GenAI.  Infosys also saw a decline in the number of  active and smaller  customers  in the third quarter.  

 The company saw its number of active  customers increase  from 1,884 to 1,872 in the third quarter. Even the number of  million-  and  ten-million-dollar customers dropped  seven and four,  respectively,  to 944 and 308 in the third quarter. 

  For more  information,  visit at https://happenrecently.com/zepto/?amp=1