logo
 
IT major Infosys plans to axe over 10,000 employees in the mid- and senior-level positions, it has emerged.

In percentage terms, the biggest cut will be at the senior level. The company is said to be planning to let go of 10 per cent of their workforce, about 2,200 people, in the job level (JL) 6 band - one of the seniormost.

The firm is also planning to lay off 2 to 5 per cent of the workforce at the associate (JL 3 and below) and middle (JL 4 and 5) levels. With almost 200000 employees, this is where the bulk of Infosys' workforce can be found.

Two to five per cent of the 971 senior executives too will be asked to leave. That will be close to 50 executives who will include assistant vice presidents, vice presidents, senior vice presidents.

According to HR firms, in all 10,000 employees are expected to be hit by the planned cull.

"As a high-performance organization, involuntary attrition is integral to normal course of business and this should not be interpreted as any mass trimming across any level in particular," Infosys said in its statement on the job cuts.

The planned cuts are making fresh headlines at a time when an anonymous whistle-blower group has accused Infosys of violating accounting ethics for showing bigger profits. 

On Monday, the IT services major told the NSE that it had not found any concrete evidence to support the allegations. 

The anonymous complaints, according to Infosys, are still being investigated, and the company is not in a position to determine the concreteness, credibility and materiality of the complaints.
No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

Maharashtra govt has given the permission for Malls, Multiplexes & restaurants to remain open 24x7 in Mumbai. Is Hyderabad also need to open their businesses round the clock for the facility of people?

Yes
No
Can't Say