4,000 Infosys' employees resign last month: CLSA

New Delhi: Now with the job markets opening up after the slowdown, the huge demand for talent in the IT market has resulted in 4,000 employees in Infosys giving their resignations in the month of February, according to brokerage firm CLSA. The usual attrition numbers is around 1,200 employees in a month.

In a note to its clients, CLSA said that there is quite a bit of industry chatter that 4,000-4,200 employees have resigned at Infosys in February. This is not officially confirmed by the management, but multiple sources are claiming the same number, including industry blogs. However, Infosys group HR Head said it was not true, reports Times News Network. "The information is grossly incorrect. Attrition has been increasing in the past three months and this is largely because after two years, jobs are picking up. But the 4,000 number is not true," he said.

"With business coming back strongly, hiring has picked up on a war footing. TCS and Infosys have the industry's best training programmes, and the relatively dissatisfied category of employees here are the prime targets for poaching," the CLSA note said. But CLSA said the spike in attrition was no cause for concern as such spurts of hiring and resignations are normal in the IT industry, at the start of an upturn. Besides, Infosys is best placed to rapidly deploy programmers in case of such exits, as it has nearly 20,000 free resources right now, possibly the largest bench strength in the industry.