Infosys job cuts. Explore more on Infosys Job Cuts.

Infosys job cuts Feb 9, 2025 · Infosys Job Cut: Tech company Infosys has shown the way out to about 700 freshers. Written by Arfa Javaid Find Infosys Layoffs Reason, Infosys Employee Count, Infosys Workforce, Infosys Job Cuts and more. In an interview with CNBC-TV18, Parekh emphasized that Infosys will not follow the trend of downsizing. Parekh also detailed the hiring plans for Infosys. Jul 4, 2017 · BENGALURU: The recent job cuts in the technology sector have been largely blown out of proportion, said Krishnamurthy Shankar, group head of human resource development at Infosys, emphasising that as industries mature employees must be able to keep up with delivering high-quality performance. On the other hand, the company said that the Feb 22, 2024 · 2023 was a challenging year for tech professionals across the globe due to large-scale layoffs announced by various tech companies. 3 days ago · Software engineers faced the biggest impact in LinkedIn’s recent job cuts with over 71 positions, including senior roles, being eliminated. At a time when tech companies are engaged in massive job cuts, Infosys hired over 50,000 college graduates in the last one year. Instead, the company is focusing on integrating new technologies, including Generative AI (GenAI), which he Get latest News Information, Articles on Infosys Job Cuts Updated on November 05, 2019 15:28 with exclusive Pictures, photos & videos on Infosys Job Cuts at Latestly. "Even though I have a job offer from India's top IT company Infosys, I am still staring at a grim future. Many trainees fainted due to stress, and now, with no job security, our future looks bleak. 7 hours ago · Despite flat growth and shrinking margins, Infosys CEO Salil Parekh’s annual pay has jumped 22% to $6. TCS, Infosys, and Wipro collectively cut over 63,000 jobs in FY24, with 12,000 reductions in Q4 alone. COM. The company clarified that all freshers are given three attempts to pass these tests, and those who fail are not allowed to continue with the organization. This follows a similar round of layoffs in February, when the IT services giant let go of over 300 trainees under comparable May 28, 2024 · Infosys CEO Salil Parekh has announced that the company has no plans to cut jobs, even as the tech industry faces widespread layoffs. Oct 17, 2024 · Infosys CFO said that the company intended to hire 15,000 to 20,000 employees in FY25. 4 per cent in constant currency – delivering US$18. Feb 7, 2025 · Infosys lays off over 300 freshers who failed internal assessments, sparking union backlash and threat of official complaint. Gold (MCX) May 27, 2024 · Infosys CEO Salil Parekh reassured that the company has no plans to cut jobs, despite significant layoffs in the tech industry due to advancements in generative AI (GenAI). These cuts are incremental to the 10k job cuts it announced in January 2023. In April, Microsoft CEO Satya Nadella said that AI was behind these layoffs, showing how artificial intelligence is replacing some human jobs—especially in software development. May 23, 2024 · Salil Parekh, CEO, Infosys, confirmed that the company is not planning any rightsizing, downsizing, or job cuts in response to the adoption of generative AI, unlike some other industry players. 69 per cent lower at ₹1,902. This decision was due to a major restructuring of the organization under new CEO Lip-Bu Tan. 7 million for FY25. This major decision appears to be part of a broader round of job cuts at the parent company, Microsoft. May 29, 2024 · Both Infosys and Atos Group denied laying off employees. Feb 7, 2025 · One of the affected trainees shared their ordeal: “The tests were extremely tough, designed to make us fail. Employees report confidentiality agreements and forced exits. In a recent interview Feb 7, 2025 · Infosys Layoffs: The IT major is reportedly in the process of laying off 400 recruits in Mysuru after new joiners fail evaluation tests. Mar 27, 2025 · Infosys continues job cuts: 45 trainees fired after February layoffs of 350 employees The trainees were dismissed after failing to pass internal assessments in three attempts. Subscribe to Intellizence to get complete data on layoffs, downsizing, job cuts, and hiring freezes curated from news sources and WARN filings. This marks the third round of trainee layoffs by the company in 2025. Also find news Find Infosys Job Cut Latest News, Videos & Pictures on Infosys Job Cut and see latest updates, news, information from NDTV. TCS, Infosys, LTI-Mindtree, Tech Mahindra, and Apr 20, 2025 · In a surprising move, Infosys has terminated 240 trainees due to internal assessment failures. ' IT sector job cuts: Infosys said in an 3 days ago · Larger Wave Of Job Reductions. Feb 8, 2025 · Infosys Cuts Jobs: దిగ్గజ ఐటీ సంస్థ ఇన్ఫోసిస్ షాకింగ్ నిర్ణయం Nov 5, 2019 · Last month shares of Infosys nosedived 15 per cent, making it the biggest fall in over six years after anonymous whistleblowers accused the Chief Operating Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of "unethical practices". These trainees will receive counselling and outplacement services, with the option of a 12-week external training programme in Business Process Management. The job cuts fall in line with a cost savings plan the bank announced in September. Infosys and Wipro have delayed or withdrawn job offers, leaving thousands of graduates in limbo. Fresher hiring, once a pipeline for young talent, has plummeted to its lowest levels in years. According to a recent filing with the state’s employment department, the company confirmed the layoffs in which the majority of software Feb 6, 2023 · The report of layoffs comes amid hundreds of freshers awaiting onboarding at Infosys for over 8 months after receiving an offer letter. Parekh elaborated on his vision for large organisations, emphasising that various technologies, including generative AI, will coexist. It is worth noting that 122 Microsoft employees in the Bay Feb 7, 2025 · Infosys lays off over 300 freshers at Mysuru campus for not clearing internal assessment IT employee union NITES, however, said the number of freshers affected by the move was much higher, and threatened to lodge an official complaint with the Ministry of Labour and Employment, seeking urgent intervention and strict action against the company May 27, 2024 · Infosys CEO Salil Parekh reassured that the company has no plans to cut jobs, despite significant layoffs in the tech industry due to advancements in generative AI (GenAI). When asked if Infosys was letting go of employees due to AI adoption, he said, “No, we are not Find Infosys Job Cuts Latest News, Videos & Pictures on Infosys Job Cuts and see latest updates, news, information from NDTV. Geek WIre: Microsoft (NASDAQ: MSFT) 7/20/2023 Nov 22, 2024 · Layoffs in 2024: A List of Companies Cutting Jobs This Year Automakers, Google, and Amazon are among those slashing staff, though cuts are expected to be smaller than those last year At Infosys nearly 1,000 employees in job level 6 and above (group project managers, project managers, senior architects and higher levels) are expected to be asked to leave. Tech layoffs 2024: Job cuts at Microsoft, Google, Apple, and other Feb 11, 2025 · Infosys laid off around 700 freshers at Mysuru campus on February 7, 2025. Meanwhile, reports suggest the company has paused hiring fresh graduates and cut thousands of jobs in the past year. Factors contributing to this reduction include the economic slowdown, automation, restructuring, and decreased discretionary spending. 75 in Apr 18, 2025 · Infosys Trainee Layoffs: 240 job cuts in February, now 240 more firing; IT giant’s HR instead offers outplacement services Infosys Trainee Layoffs: The company, in the termination email sent to the affected trainees, is offering free upskilling programs through partnerships with NIIT and UpGrad, extending this opportunity to those dismissed May 23, 2024 · Infosys is not looking at rightsizing, downsizing or any kind of job cuts as has happened with others in the industry due to GenAI, CEO Salil Parekh told CNBC-TV18 in an exclusive interaction on May 23. Pravrajya Suruchi Updated : Feb 08, 2025, 04:58 PM IST IT giant Infosys has reportedly laid off around 700 freshers from its Mysuru campus, according to claims made by the Apr 19, 2025 · Unpacking the Impact of Infosys Job Cuts and What It Signals for the Future of Indian Tech April 19th, 2025 News Infosys has recently announced major job reductions, a decision that has rippled through India’s IT sector, sparking widespread concern and debate from corporate boardrooms to everyday conversations. Geek WIre: Microsoft (NASDAQ: MSFT) 7/20/2023 Nov 22, 2024 · Layoffs in 2024: A List of Companies Cutting Jobs This Year Automakers, Google, and Amazon are among those slashing staff, though cuts are expected to be smaller than those last year May 23, 2024 · Salil Parekh, CEO, Infosys, confirmed that the company is not planning any rightsizing, downsizing, or job cuts in response to the adoption of generative AI, unlike some other industry players. 5 hours ago · They have cut jobs of around 281 people in California. Precious Metal . Jun 28, 2023 · Infosys AGM 2023: Nandan Nilekani, in his address at the Infosys AGM 2023, said that the Fiscal 2023 has been a year of strong overall growth – 15. Jan 23, 2023 · Microsoft announced a new round of job cuts, impacting an unknown number of employees in customer service, support, and sales. Feb 22, 2024 · 2023 was a challenging year for tech professionals across the globe due to large-scale layoffs announced by various tech companies. Apr 18, 2025 · Infosys has terminated 240 entry-level employees after they failed to clear internal assessments, according to company emails reviewed by Moneycontrol and sent on April 18. 6 days ago · The following is a list of major layoffs, job cuts, and hiring freezes announced by leading companies in 2025. Despite the job cuts, the company offers support including monetary compensation, outplacement assistance, and free upskilling programs to facilitate their future employment prospects. Benchmarks . Feb 10, 2025 · Trainees Cry after Infosys Layoffs: Stringent changes to the training test have led to a sharp rise in failure rates at Infosys. Jul 16, 2024 · Truist will cut an undisclosed number of tech department jobs, a bank spokesperson confirmed Tuesday. The firm informed that these layoffs were triggered by internal qualifying tests, which freshers need to clear after their foundational training at the Mysuru campus Mar 29, 2023 · Layoff News: Amid ongoing layoffs at tech companies, a message claiming that Infosys, an Indian multinational information technology company is mulling to sack 15,000 employees as a part of cost-cutting and restructuring. com May 28, 2024 · Meanwhile, the country’s leading IT company, Infosys, has given its staff a chance to sigh relief. Explore more on Infosys Job Cut. In February, Infosys let go of 320 Infosys Cuts Jobs: దిగ్గజ ఐటీ సంస్థ ఇన్ఫోసిస్ షాకింగ్ నిర్ణయం Apr 29, 2025 · Infosys Layoffs: IT major Infosys reportedly cut another 195 trainee jobs in Mysuru, from a batch of 680 people, after the new recruits failed to clear the internal assessment, according to a Mar 27, 2025 · Infosys layoffs have affected 40-45 trainees who failed the companys final internal assessment. According to the information, these people joined the company in October 2024. Salil Parekh told CNBC TV 18 that Infosys is not planning to cut jobs. 📲 Infosys Layoffs: ‘Forced Out of Campus With INR 25,000 Compensation’, Trainee Employees Fired From Mysuru Facility Allege Intimidation Amid Reports of More Job Cuts. CEO Bill Rogers and CFO Mike Maguire announced a plan that month to cut $750 million in costs, with $300 million of those savings stemming from job cuts alone. In response to the controversy, Infosys issued a statement emphasizing its rigorous hiring and training process. The drop in headcount reflects the aftermath of excessive hiring during the Covid boom and Infosys job cuts News: Latest and Breaking News on Infosys job cuts. Infosys CEO Salil Parekh has clarified the company’s stance on layoffs and jobs, saying there will be no retrenchment at Infosys. In a statement, Shaji Mathew, Group Head, Human Resource Development, Infosys, said, “We would like to clarify that there have been no layoffs at Infosys. Infosys Trainee Layoffs: Following a round of layoffs in February this year in which Infosys Ltd let go over 300 trainees, the IT giant has fired an additional 240 trainees who failed to pass . Feb 7, 2025 · IT sector job cuts: Infosys said in an official statement, 'Clarifying that the number is just above 300 and we have not forcefully terminated anyone. May 13, 2025 · Infosys Layoffs: IT major Infosys reportedly cut another 195 trainee jobs in Mysuru, from a batch of 680 people, after the new recruits failed to clear the internal assessment, according to a Moneycontrol report citing emails dated April 29. Feb 27, 2025 · Infosys Layoffs: Centre intervenes again after NITES’ latest claims, company dismisses allegations The Union Labour Ministry also directed the Karnataka Labour Commissioner to submit a detailed 2 days ago · - Intel laid off 15,000 jobs, a 20% cut to its total workforce. Explore more on Infosys Job Cuts. 50 113. In an interview with CNBC-TV18, he said that Infosys will not follow the trend of Feb 8, 2025 · Indian IT giant, Infosys, has laid off more than 300 campus recruits, after recruiting them a few months earlier in October 2024. , Companies News, Times Now Feb 7, 2025 · Infosys hits back at ‘mass layoffs’ buzz, says only top talent makes the cut Follow us Published by the RP-Sanjiv Goenka Group, Fortune India - the Indian edition of Fortune magazine - sets the benchmark for editorial excellence and thought leadership in Indian business journalism. NITES has claimed that the new employees who have been fired are being made to sign a confidentiality agreement. Also Read| Infosys Layoffs: IT major gives pink slips to 40 Jul 4, 2017 · BENGALURU: The recent job cuts in the technology sector have been largely blown out of proportion, said Krishnamurthy Shankar, group head of human resource development at Infosys, emphasising that as industries mature employees must be able to keep up with delivering high-quality performance. May 30, 2024 · Top Indian IT companies report job cuts in FY 2023-24 due to economic slowdown, automation, restructuring, and decreased discretionary spending. Infosys responded to the allegations, stating that the freshers were let go because they failed to clear multiple internal assessments. Tech layoffs 2024: Job cuts at Microsoft, Google, Apple, and other Apr 19, 2025 · The impact of AI is evident in the numbers. “Infosys to lay off 15,000 of its Indian employees by 31st March 2023 to cut Feb 8, 2025 · Infosys laid off nearly 700 freshers in Mysuru, citing assessment failures, while NITES accused the company of unfair treatment. the job cuts in IT Apr 28, 2024 · The top six information technology services companies in India reported a reduction in their total headcount in the last fiscal year, with only HCLTech adding employees. 35. I already have a gap in my resume because of all the waiting and no income from past several months. Explore Infosys job cuts profile at Times of India for photos, videos and latest news of Infosys job cuts. ” Infosys Defends Its Decision. 2 billion in revenues. This glaring contrast has sparked growing discussions on social media about wage inequality in top tech firms. Infosys CEO Salil Parekh said that the company has no plans to cut jobs amid layoffs in the tech industry. Out of 930 trainees who joined on October 7, only 160 passed on their first attempt May 27, 2024 · Infosys CEO Salil Parekh told CNBC-TV18 that the company has no plans to downsize or cut jobs, a notable stance in an industry witnessing significant layoffs due to advancements in generative AI (GenAI). 🇮🇳 Infosys Job Cuts: Tech Giant to Lay Off Over 2,000 Mid & Senior Level Employees. As an organization, we have consistently focused on high performance and exemplary work ethics. Infosys shares closed 0. As per reports, Tan is looking for a The big names include TCS, Infosys, LTI-Mindtree, Microsoft, Facebook, IBM, Intel, SAP and others announcing job cuts in the last 12-18 months, Times of India reported. Nokia cuts 2,000 jobs in China, 350 in Europe as part of restructuring. Infosys previously let go of around 350 trainees in February. Apr 29, 2025 · Infosys, India’s second-largest IT services firm, has terminated 195 trainees after they failed to clear internal assessments, according to company emails, as per a Business Standard report. Four IT giants - Infosys, TCS, Wipro and Tech Mahindra - alone laid off over 67,000 employees. In a recent interview The wave of layoffs in the tech industry continues to make headlines, with Infosys and other major companies downsizing their workforce amid challenging economic conditions and structural shifts Feb 8, 2025 · Infosys Defends Layoffs, Cites Assessment Failures. Nifty 24,966. Infosys Layoffs: IT major Infosys reportedly cut another 195 trainee jobs in Mysuru, from a batch of 680 people, after the new recruits failed to clear the internal assessment, according to a Apr 19, 2025 · The impact of AI is evident in the numbers. Infosys Will Not Cut Jobs. kwawp ipbjc eiffek dqin racqbv pbx tmbvcr xnsru puiduwaw gcpqboqj