Infosys to hire more freshers; speaks about layoff!
Home > News Shots > Business newsInfosys is planning to hire freshers to minimise employee expenditure as they are on cost cutting measures and are planning to reduce up to US$100 to US$150 million in Financial Year 20.
The company is now looking to cut the cost as they have concluded large parts of their investments.
"There are 21 tracks we are looking at for cost-optimisation. We are targeting $100-$150 million in cost savings as the year goes on," said Infosys CFO Nilanjan Roy.
"It was also looking to recreate the pyramid onsite through fresher hiring," he added, mentioning that they have become barrel shaped and they are planning to better up their bottom-end.
"There is no planned layoff. We have performance reviews and people who are not performing are asked to leave. This is normal, there is no targeted layoff," said COO Pravin Rao.
OTHER NEWS SHOTS
RELATED NEWS STORIES
- Infosys is Laying Off Around 10,000 Employees from various Job Levels!
- Job Cuts, No Increments: Read Cognizant CEO's Letter to Employees!
- Bangladesh won India for the first time in T20I - What went wrong for India?
- Workers fills ATM with cash, forget to lock, leave key in machine!
- Central Government to increase upper limit for Income Tax!
- Bigil director Atlee responds to negative reviews, says "I.N."!
- 50% discount on Chennai Metro Rail tickets on Government holidays!
- “We Work” to Lay off 4000 Employees; Sells its Shares for Huge Price
- TCS to Pay Double the Salary to Employees who Qualify in New Eligibility Test!
- Infosys faces big loss after 6 years; Lawsuit Investigation has begun