Domestic IT giants are bracing for tougher rules for H-B1 visas in the US and disruptions due to new technologies. Infosys is looking save between USD 100-150 million in FY20 and it plans to do that by recruiting more freshers to minimise employee expenditure and relalighn roles for middle and senior level management, Roy said this week at an analyst meet. The world’s abrupt slowing down in the past few weeks may have introduced millions of Covid-19-wary professionals to the whole new paradigm of work-from-home. Check details here, GATE 2021 Admit Card: IIT Bombay to release GATE 2021 hall ticket today. When asked about salary of freshers not growing in the Information Technology IT industry in the past two decades, Pai termed it as a "great tragedy". According to executive search firm Head Hunters India, job cuts in IT sector will be between 1.75 lakh and 2 lakh annually for next three years. Edison’s IT layoffs are ‘heartless,’ says Sen. Grassley ... signed contracts with two of the largest users of the H-1B visa, Infosys and Tata Consultancy Services, last summer. Infosys may layoff 10,000 employees for cost cutting. Read more about IT shares under pressure on Covid-19 outbreak; TCS, Wipro hit 52-week lows on Business Standard. Infosys is laying off some of its top and mid level management, in order to flatten the organisation. Infosys is laying off some of its top and mid level management, in order to flatten the organisation. "Such reports are incorrect. Home >Companies >News >Infosys clarifies on report of massive lay offs Involuntary attrition should not be interpreted as any mass trimming across any level in particular: Infosys 2 min read . Jobs replaced by automation do not go for good. The S&P 500 is up 15% for the year. Home >Companies >News >Infosys suspends promotions and salary hikes, freezes hiring, but says no layoffs. Infosys might lay off as much as 12,000 workers while Cognizant is eyeing to slash 7,000 jobs. While the information technology (IT) company maintains that this round of job cuts is not a mass trimming exercise, the fact remains that the … The layoffs were needed for the company due to a strong focus on cost optimisation and rising needs for technology skills. Vision 2020 was formulated to motivate people and as a rallying goal , says Sikka. Explore more about Infosys Layoff at Gadgets Now Explore more about Infosys Layoff at Gadgets Now Fri, Dec 11, 2020 | Updated 10.51 AM IST Infosys CEO Vishal Sikka on Friday told analysts that the Bengaluru-based IT company is not laying off employees. Infosys had announced that it could hand out pink slips to hundreds of mid and senior-level employees as it carries out bi-annual performance review. Let's reshape it today, Hunt for the brightest engineers in India. Definitely strange days in Indianapolis... or just another Tuesday in 2020. Food pairing and beer: Things you must know! India’s 2nd largest Information Technology company Infosys announced Q1 results today and reported an 11.4% growth in its consolidated net profit.. Key highlights of the Infosys Quarterly results: Net profit declined 2% to Rs.4233 crore. Attrition on an annualised consolidated basis rose to as high as 20.4% in the last fiscal. Read why, No downsizing, to hire more: TCS chief Rajesh Gopinathan, Layoffs scare is real, not exaggerated, finds ET's Jobs Disruption survey, Why IT firms could soon be forced to let the senior techie go, No mass layoffs by Indian IT companies, workforce realignment happens every year: Nasscom, IBM India staff still battle tech blues fearing more layoffs, Is Bengaluru being Bangalored? The company announced on July 8, 2015 that it was cutting 7,800 jobs in addition to 18,000 it cut in its last fiscal year. IT companies have been under pressure as it grapples with both tailwinds in terms of currency; and headwinds in terms of US Immigration bill. Infosys Layoffs News Monitoring. Layoffs at Infosys: Nothing planned says company, but it will fire senior under-performers and hire . "We do it every year. The car rental company previously employed 38,000 people. Explore more about infosys layoffs in india at Gadgets Now Tue, Dec 22, 2020 | Updated 10.34 PM IST "Layoffs are regular, performance-based things that we do every year. I’ve heard the EMEA and APAC folks are just being let go after 90 days or so. News. It posted a net profit of Rs 4,078 crore in the year-ago period as per IFRS accounting norms. Those in support of laid-off workers say the firing policies based on performance reviews are often discriminatory. Experts say automation, a failure to keep up with new technologies and US President Donald Trump's clampdown on visas is creating industry-wide upheaval. 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