Information technology company Infosys resigned over 80,000 employees in the past three months, according to a report last week.
During the financial year 2022, the company hired 85,000 freshers both off-campus and on-campus, and the total headcount increased from 2,92,067 in the December 2021 quarter to 3,14,015 in the financial year 2022.
Its attrition rate increased from 25.5% in the December quarter to 27.7% in the March quarter, according to the Bengaluru-based IT major. Between January-March 2022, over 80,000 employees resigned from the company.
The company has a non-compete clause which prohibits its employees from joining Tata Consultancy Services, IBM, Cognizant, Wipro, and Accenture within six months of leaving the organization if they have the same clients.
The matter came to light after a Pune-based IT union, The Nascent Information Technology Employees Senate (NITES), has written to the Union Labour Ministry seeking the removal of the clause, calling it “arbitrary, unethical and illegal”.