Infosys cuts hiring in first quarter, attrition rises

In a reversal of trend, Infosys Ltd. hired fewer employees in first quarter (June-April) of 2012-13 fiscal than in the fourth quarter (January-March) of the last fiscal due to negative growth in business and lower revenue forecast.In a regulatory filing Thursday, the IT bellwether said gross addition for the quarter under review (Q1) was 9,236 as against 10,676 in the last quarter (Q4) and 9,922 a year ago.With a whopping 8,079 emplo...