Mumbai, April 18 -- Infosys said there has been a drop in its recruitment activities during the fourth quarter of FY24, according to its financial results declared on Thursday.

This is the fifth consecutive quarter of decreased hiring for Indias second-largest IT firm.

By the end of FY24, the company had 25,994 fewer employees compared to the previous year, resulting in a total workforce of 343,234 employees, reported India Today.

This is the first instance in over two decades where the company has recorded a decline in its workforce.

In the third quarter of the fiscal year, the companys workforce diminished by 5,423 individuals, resulting in a total of 317,240 employees, said the report.

This stands in stark contrast to the previous...