Infosys’ hiring drops for the first time in 33 years

Analysts are concerned to know what’s going on inside Infosys after the company recorded negative growth in hiring in 2016 for the first time in the company’s 33 year history. Infosys hired around 26,000 people in the second quarter and saw 20,000 of them either leave for greener pastures, or were let go. GQG Partners fund manager Rajiv Jain attributed the hiring drop at Infosys to increased automation. With the drop in hiring, Infosys shares also went down 1.1% this year.