IT major Infosys' full-year headcount drops for 1st time in 23 years

In FY 2023-24, Infosys saw its first headcount decrease in nearly 23 years, dropping by 25,994 to 317,240 employees. Despite this, the company improved utilization rates and reported a significant net profit increase in the fourth quarter.

Infosys' full-year employee strength drops for 1st time in 23 years

The full-year headcount at IT major Infosys declined for the first time in nearly 23 years, by 25,994 in the financial year 2023-24.

The full financial year headcount was 317,240 -- a 7.5 per cent decrease from the previous fiscal year.