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Business News/ Companies / News/ Infosys let go of 3,611 employees in Q4, attrition rate dips sharply to 20.9%

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Infosys let go of 3,611 employees in Q4, attrition rate dips sharply to 20.9%

1 min read 13 Apr 2023, 04:42 PM IST Join us

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Infosys' attrition rate has been declining in overall FY23. It stood at 24.3% in December 2022 quarter lower from 27.1% in Q2FY23 and 28.4% in Q1FY23.

Infosys campus for archive,pic by hemant mishra/mint.

Infosys has presented its financial results for the fourth quarter ending March 31, 2023 (Q4FY23) period on Thursday. In the quarter under review, the IT giant continued to record a sharp decline in its attrition rate to 20.9% compared to 24.3% in December 2022 quarter.

The second largest IT firm in terms of market share, has posted an attrition rate of 27.1% in September 2022 quarter and 28.4% in June 2022 quarter.

In terms of total headcount, Infosys posted total employees of 3,43,234 in Q4FY23 --- a net reduction of 3,611 employees compared to 3,46,845 employees posted in Q3 of FY23.

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