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Infosys / Doesn’t deny layoffs but …

Indian software major, Infosys Limited, clarified on Friday over a report suggesting that it might lay off up to 5,000 of its underperforming employees.

It says that it is not 5,000, but “the number that may be affected is significantly lower.”

Just a week ahead of its third quarter results for 2013 (Q3 FY13), the news doesn’t seem to have gone down well with the second largest software exporter from India. So much so, it has opted to break its silence, during the customary silent period observed by several IT organizations before the results announcement.

On Friday, an Economic Times article stated quoting ‘familiar sources’ that Infy had asked the worst performers, about 3-4 per cent of its more than 1,50,000 workforce, to leave straightaway.

Choosen excerpts by Job Market Monitor from

FireShot Screen Capture #266 - 'Infosys doesn't deny layoffs, but says it won't be in bulk - CIOL' - www_ciol_com_ciol_news_155216_infosys-denies-bulk-layoff-settles-lesser-figure

via Infosys doesn’t deny layoffs, but says it won’t be in bulk – CIOL.


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