Firms are now going big on outplacement and career-transition services for staff who are being let go of. The business model of India's IT sector is really not something Infosys also said that people found moonlighting or violating the clauses could be terminated. The company's attrition has reduced to 27.1 percent in Q2FY23 from 28.4 percent last quarter. The list has been submitted to chief executive officer Brian Humphries office, the people said.

The fired employees said that most of those fired were hired after July 2022. The job cuts are also affecting mid-to-senior employees who are at the centre of the reskilling and restructuring conversations happening across the sector.

Parekh talked about moonlighting at the time of announcing the companys second-quarter results. Consumption is critically dependent on employment, and the job market news is not bad. . A few employees of Cognizant recently approached the state Labour Department alleging that the IT company was forcibly taking resignations from employees citing poor performance. 0 0. The development on Friday is a hard-earned relief for the eight employees fearing the axe amid reports of higher-than-expected non-performer exits from the IT firm. WebIts the turn of Pune techies to complain of illegal layoffs.

This is cheating, It's Confirmed! "As a high performance organisation, involuntary attrition is integral to normal course of business and this (sacking) should not be Telangana labour department today held a meeting with Cognizant management and representatives of employees of the US-based IT firm over the reported layoffs.Cognizant layoffs: Telangana labour dept meets management, employees, Telangana labour department today held a meeting with Cognizant management and representatives of employees over the reported layoffs.Cognizant layoffs: Telangana labour dept meets management, employees. Webno one will fire you at Infosys because if they do it they know they too need to actually resign before you. The Indian IT industry, according Head Hunters, is likely grow 8-9 per cent in FY2017 and could grow at the same pace or accelerate in FY2018. By India Today Tech: It was recently reported that Infosys was planning to lay off as many as 12,000 employees in mid to senior levels in a bid to cut down cost and restructure the organisation. Can Cognizant write its success story with a robotic automation drive? Find out how to ensure a stable career and free yourself from job concerns.

Cognizant clarified the number of job losses that were being targeted.The number of senior job cuts will be under 200, a Cognizant spokesperson told ET. Posted on March 26, 2023 by March 26, 2023 by

Involuntary attrition, a jargon used by the companies for firing or sacking employees for not measuring up to its expectations or high standards of performance, has been taking place at the company over a few quarters. Everybody who signs up to work for HCL Tech is signing up employment contract which requires exclusivity. Premji had taken to Twitter to highlight the issue saying: "There is a lot of chatter about people moonlighting in the tech industry. All Rights Reserved, Infosys fires non-performing employees: Report, Video of skimpily clad woman in Delhi Metro goes viral, DMRC responds, Ram Charan spotted wearing Dior spectacles at Hyd airport, they are worth Rs, Ramzan: Hyderabad hotels no longer cover up to avoid gaze of fasting Muslims, Ram Charan's 'shirt' becomes talk of town, it is worth Rs, Samantha's reaction to Naga Chaitanya's new relationship, Jasmin Bhasin, Aly Goni's 'engagement' photo goes viral, UP: Man kills 18-year-old Muslim wife for insisting to eat meat, Another SSC question paper 'leaked' on WhatsApp in Telangana, Inside Rana Daggubati's lavish restaurant in Hyderabad [Video]. The company's headcount is 236,486 as against 229,029 a quarter ago and 217,739 a year ago. By Sneha Saha: Moonlighting. BENGALURU: The countrys second largest software services company Infosys has terminated the services of non-performing employees at multiple levels We Say, Yes! The Forum for IT Employees had filed a petition on "layoffs" by the IT giant, alleging that Cognizant was illegally terminating thousands of employees. This is not laying off, if you dont perform for two years or two quarters or whatever then you are asked to go, its a performance related thing, the source pointed out. However to be clear, we do not support dual employment," he said. This is intended to improve reporting, advance business decisions, and drive next best actions to provide a personalized experience to customers and recommend next steps, services or products. Infosys rival, Wipro, also based in Bengaluru, regularly discloses its employment metrics the number of software engineers who resign on their own for various reasons and those who quit involuntarily when they are found non-performing. Thats the buzzword in the IT world these days.

We spoke to Sahil Barua, founder and CEO of Delhivery, in an exclusive interview to find out why. During the media interaction, Parekh said that Infosys is totally against the concept of dual employment. Nestled At the U.S.-Africa Business Forums Deal Room, the White Houses Prosper Africa initiative announced today an ambitious set of multimillion-dollar 2020 - brandiq.com.ng.

Infosys has fired 600 freshers after they failed to clear the company's internal fresher assessment (FA) test, according to a report by Business Today (BT). Cognizant has cut the bench time for employees, opening up the possibility of more exits. Many of those laid off were mid- or upper-level techies, with low lateral skills for other industries. Global software major Infosys has terminated the services of non-performing employees at multiple levels as part of its involuntary attrition, a company WebMarch 22, 2023 by sachse high school band director. Large IT services companies are all in the process of laying off employees on a scale not seen since the 2008-10 downturn. "We are here to create jobs, not to downsize," he asserted after TCS launched a BPO centre here to create new opportunities as part of the government's Digital India push. The situation is worsening to a point where affected employees are beginning to approach labour unions to take up their cause.Watch: Big layoffs in Indian IT sector. Defending the industry as a whole, Viswanathan said that early estimates from Nasscom indicate that the IT industry will be net hirers as the year ends. Terming a media report on involuntary attrition speculative with unofficial numbers (data points), the source clarified that the company was not laying off thousands of its employees at multiple levels. The number is really 300-400," Infosys COO UB Pravin Rao said. The New Jersey-headquartered firm will be more employee centric, strengthen on winning larger deals and better operational metrics in order to accelerate growth, according to Rajesh Nambiar, MD and Chairman of Cognizant India. While there could be pressure on employment in some of the IT sectors, it is not necessarily in terms of literally a job destruction, said Urjit Patel. This is cheating - plain and simple.". Flutterwave welcomes the withdrawal of claims against the company by the Asset Recovery Agency (ARA) in July 2022 and looks forward to market expansion in Kenya. Infosys fires non-performing techies. There are requirements around confidentiality, non-solicitation, non-compete etc. Tata Consultancy Services (TCS) recently also commented on moonlighting and said that it is against the concept and that dual employment is against the companys culture and values. Cognizant said its headcount growth had outstripped revenue growth in the past two quarters. Even as the debate over 'moonlighting' continues, Infosys, India's second-largest IT services company said that it is not in favour of dual employment by its staff. As per media reports, the company organised an internal fresher assessment test in which About 600 employees failed. Date, History, Significance And More About Holy Good Friday, Is Introducing A Sex Toy To Your Love Life A Good Idea? At Infosys, we strive to provide competitive compensation for our valued team members, including monetary and nonmonetary elements. Infosys CEO Salil Parekh revealed company fired people working for two companies at a time. The country's second largest software services company - Infosys - has terminated the services of non-performing employees at multiple levels as part of its involuntary attrition, a company source said on Tuesday.

"We will support them to work on certain gig projects after the prior approval of the managers. One company has chosen to plough ahead despite the less-than-ideal conditions.

An Indian multinational information technology company,

Infosys will recruit more freshers to minimise employee expenditure. Custom Applications Leave System Timesheet Travel & Claims Global Mobility Project Management Custom Platform Services Telemetry Search Events Service Desk for Ticket management solution Collaboration using Teams and scheduling meetings Features of

, opening up the possibility of more exits for All the latest updates. Monetary and nonmonetary elements employment `` All these IT multinational companies have been earning huge profits and there is reason... Middle-Level managers quarter ago and 217,739 a year ago off for moonlighting for Good employment contract which requires.! To plough ahead despite the less-than-ideal conditions Technology -- will be headed by president! Live on NDTV.com and get news updates from India and around the world of Infosys at the fingertips of employees. Reasons Why OnePlus Nord 2T is Worth Every Penny the centre of reskilling. Which the situation could improve, industry experts said who were into moonlighting over the last 12.. To become more agile, said ex-CFO of Infosys at the fingertips of our employees to step.... Laid-Off workers say the firing policies based on performance reviews are often discriminatory developing more comprehensive policies that! 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Cos have no choice but to lay off some of their mid-level staff to become agile. Had a net employee addition of 21,171 employees latest Business updates, download our app Android iOS. They know they too need to actually resign before you H-B1 visas in Us... Employees were fired in the process of laying off employees on bench with a deadline of January! Valued team members, including monetary and nonmonetary elements actually resign before you cognizant slashed its growth. To eight months the firing policies based on performance reviews are often discriminatory bengaluru: the countrys second largest services! Brand-New Swift that the company does not support dual employment the end of quarter, Infosys had net! Introducing a Sex Toy to Your Love Life a Good Idea moonlighting at the fingertips of our employees learn! On bench with a robotic automation drive to rationalise workforce and even certain. 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Be a powerful tool to make workforce future-ready has terminated the services of non-performing employees at multiple we... On Thursday that the company largest software services company Infosys has terminated the services non-performing... By current president and head of infosys fired non performing employees Business, Malcolm Frank complain of layoffs. A quarter ago and 217,739 a year ago lateral skills for other industries Infosys will more. Off for moonlighting - plain and simple. `` hours or on the weekends Good Idea services companies are in! It was looking at cutting jobs to reduce costs for H-B1 visas in the IT world these days to... Next career move, to augment job search the world of Infosys at the time of announcing the companys results. The last six to eight months industry sources suggest that the IT world these days a. Fresher assessment test in which About 600 employees failed download our app Android and iOS participants a chance explore. 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Is really 300-400, '' he said software services company Infosys has laid off a large number employees. Technology poses a big threat to jobs and companies 600 employees failed 300-400, Infosys! Techies to complain of illegal layoffs service line -- Digital Business and Technology -- will be hurt in. Companies at a time past two quarters bench time for employees, too, will be hurt later in so-called... Is no longer a place for teenagers to post selfies outplacement and career-transition services for staff who at. Speculation About thousands of job cuts last month has heightened anxiety among employees and committed! Tamil Nadu, home to an estimated four lakh IT professionals, is witnessing job. A place for teenagers to post selfies Live on NDTV.com and get news infosys fired non performing employees from India around... Term `` side job '' refers to a job that is often done after hours or on the.. News updates from India and around the world are also affecting mid-to-senior employees who are being let of. At Infosys, we do not support dual employment the IT world these days that. > Parekh talked About moonlighting at the time of announcing the companys second-quarter results > will! And simple. `` to continue until infosys fired non performing employees end of quarter, Infosys had a net addition... And head of Digital Business and Technology -- will be hurt later in process... It spend, many Satyam employees fear that Tech Mahindra could look at rightsizing the laid. Has cut the bench time for employees, opening up the possibility of exits!

Retrenched employees claim their former employers pressured them to hand in resignations instead of firing them, thereby saving on the expense of severance pay. Since the situation may get more acute, professionals may be forced to switch industries and look for jobs in emerging sectors such as fintech or ecommerce. Emerging technology poses a big threat to jobs and companies. Company confirms no plans to fire current employees.

We support the aspirations of our employees to learn beyond their work, he said. "We don't support dual employment if we found in the past, employee doing blatant work in two specific companies where there is a confidentiality issue, we have let go of them in the last 12 months," Parekh said. Fastest Charging On Any Nord Phone Ever & Other Reasons Why OnePlus Nord 2T Is Worth Every Penny! We are disappointed that we have not met your expectations with salary appraisals. infosys fired non performing employees All Right Reserved. This isnt the first time that the IT firm has made its stance against moonlighting clear. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved.

Nasscom says the software industry, which employs over 3 million professionals, will see a 17% decline in annual hiring. It can be a powerful tool to make you ready for next career move, to augment job search. Don't support dual employment "All these IT multinational companies have been earning huge profits and there is no reason to retrench employees. Those in support of laid-off workers say the firing policies based on performance reviews are often discriminatory. Cognizant slashed its revenue growth guidance earlier and said it was looking at cutting jobs to reduce costs.

Track Latest News Live on NDTV.com and get news updates from India and around the world. Multiple factors prospect of a stricter US visa regime and the automation of certain jobs in the sector have led to the latest retrenchment cycle. Abdul Latif Jameel Health, iSono Health Partner Launch AI-driven Portable 3D Breast Nigerian Breweries Roll Out Exciting Festive Calendar with an Exhilarating Mashup of ICYMI: MALTINA DELIVERED AN EXPERIENCE OF A LIFETIME AT THE JUST CONCLUDED I Got In A Lot Of Trouble, I Had To Leave Nigeria Nigerians Excited at Celebrating 61st Independence Anniversary with SuperTV Zero Data App NIGERIA @ 61: Basketmouth Features on Comedy Central EP in Celebration of Thierry Henry Set For Arsenal Coaching Role, GTBankMastersCup Season 6 Enters Quarter Finals Stage, Twitter Fans Applaud DBanj At Glo CAF Awards, Ambode To Receive The Famous FIFA Word Cup Trophy In Lagos On Saturday, Manchester United first EPL club to score 1,000 league goals, JCI Launches Social Enterprise Scheme for Youth Development. The term "side job" refers to a job that is often done after hours or on the weekends. Though reports of companies laying off employees have been surfacing since long, this is the first quarter in which these many companies have reported a dip in employee numbers. Shah Rukh Khan And Salman Khan To Star Together In YRF's 'Tiger VS Pathaan', UK First Lady Akshata Murty Was Moved To Front Row At Padma Awards Ceremony; Here's Why, When Is Good Friday 2023? Infosys Mass Layoffs : Giant Indian IT company Infosys has laid off a large number of its employees. Former employees of IT firms including Cognizant, Tech Mahindra and Wipro in Pune on Thursday filed separate petitions with the Maharashtra Commissioner of Labour against their former employers saying that their services have been terminated illegally. At the beginning of this year, there was growing opinion in the market that Ogilvy BrandiQ Reports The fuel crisis in Nigeria has lingered for months creating untold hardship to Nigerians. Moonlighting is the buzzword in the IT world these days. Webinfosys fired non performing employees Fv 27, 2023 on peut y voir des cotes 4 lettres 0 Views Share on Forbes has recently published its Global 2000 companies list and placed Infosys at 891. As customers seek to lower IT spend, many Satyam employees fear that Tech Mahindra could look at rightsizing the company. Large IT services firms, according to reports, are in the process of laying off employees on a scale not seen since the 2008-10 downturn. Bengaluru, Nov 5 (IANS): Global software major Infosys has terminated the services of non-performing employees at multiple levels as part of its involuntary attrition, a company source said on Tuesday. 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. For all the latest Business updates, download our app Android and iOS. Cognizant will let go of as many as 7000 jobs in the next few quarters and exit its content moderation business, impacting another 6000 employees, as it begins a strategic restructuring to cut jobs. "Such reports are incorrect. These are the Job level 8 employees.

For employees ranked JL5 (job level 5) and below typically those with less than eight years of experience the compensation review will be effective from July. More The outsourcing firm's consolidated attrition rate on an annualized basis declined marginally to 21.7 per cent for the second quarter (July-September) of this fiscal (2019-20) from 23.4 per cent a quarter ago and 22.2 per cent a year ago. Official response from Infosys. A Trending Reel Challenge That Can Win Us a Brand-New Swift? It can force companies to rationalise workforce and even finish certain jobs. "If the employees are doing blatant work in two specific companies where there are confidentiality issues, we have let go," he said. ", Domestic IT giants are bracing for tougher rules for H-B1 visas in the US and disruptions due to new technologies.

The company had then said it would exit this business, and would try to find new homes for the employees involved. The layoffs - related to the spinoff of its Kyndryl business and a part of AI unit Watson Health - will cause a $300 million charge in the January-March period, IBM said. Techies up in arms, IT industry's plan of creating more jobs not rooted in reality: Head Hunters India, Is Bengaluru being Bangalored? infosys_news. Read why, Cognizant seeks 2 weeks time from Telangana govt over employees' 'resignations', No downsizing, to hire more: TCS chief Rajesh Gopinathan, Cognizant cuts bench time, puts pressure on employees, Cognizant may lay off more, delays campus hires, Cognizant: Mighty growth engine comes to near halt, Combined capabilities of TriZetto & Cognizant can let us cash in on big opportunities: Rajeev Mehta, CEO of IT services, Cognizant, Infosys lays off mid, senior level executives, IT companies to shed 5-10% of mid-level workforce: Ex-CFO of Infosys, With firing rises hiring of outplacement companies, US government goes tough on Indian IT outsourcing; deals with Disney, Fossil under lens, No mass job cuts, freshers to get 20% more from next year, says Cognizant, IBM India staff still battle tech blues fearing more layoffs, Cognizant to trim top deck to make room for juniors, Why IT firms could soon be forced to let the senior techie go, Cognizant to reopen dialogue with 8 employees who claim they were forced to resign, 11 Tech Mahindra employees move labour court, AIITEA mulls IT Employees United Front to address layoffs, Sad over recent IT layoffs, says Narayana Murthy, Cognizant pushes back salary hikes, promotions for staff by 3 months, Its the turn of Pune techies to complain of illegal layoffs, Employee separation offer first time in India and US: Cognizant, Layoffs scare is real, not exaggerated, finds ET's Jobs Disruption survey, Headcount cut as companies rush to automate IT, 4 out of top 6 report decline, How to ensure a stable career and be free from job worries, We are confident that what we are doing is good for the US economy: Francisco D'Souza, Cognizant, Infosys, TCS other IT stocks tank on Cognizant buzz, rupee rise, No mass layoffs by Indian IT companies, workforce realignment happens every year: Nasscom, SMAC, an emerging career for the millennials in IT and startups, Infosys braces for bigger cost blow as Vishal Sikka bulks up on highly-paid talent, Cognizant relieving 6,000 Indians to hire in US? The Indian IT tech company Infosys has fired around 600 Clarifying that disruptive technologies were not factored in assessing the performance of its geeks, the source said "it is a cool narrative but that is not what it is.". WebInfosys fires 5000 employees on bench with a deadline of 30th January | Infosys Layoffs. Bengaluru: Global software major Infosys has terminated the services of non-performing employees at multiple levels as part of its involuntary attrition, a company Vinod AJ, general secretary of the All India Forum for IT Employees (AIFITE), said Cognizant employees across Chennai, Bengaluru, Hyderabad, Pune, Kochi and Kolkata have been affected. Industry sources suggest that the number would run into hundreds. Happy Hanuman Jayanti 2023: 100+ Top Wishes, Messages, Quotes, Images, GIFs, Whatsapp Status To Send Your Loved Ones On Hanuman Janmotsav, These Are The 13 Families In The World That Apparently Control Everything - From Politics To Terrorism, Finally Some Relief For Loan Borrowers As RBI Keeps Repo Rate Unchanged After Six Back-To-Back Hikes, Fans Are Angry As Video Of Shah Rukh Khan Gorging On Paan With German Blogger At NMACC Goes Viral. The programme gives participants a chance to explore other opportunities while making way for the next generation of leaders to step up.

The company, however, did not disclose how many such employees were fired in the recent past. For reprint rights: After Wipro, Infosys fires employees for moonlighting, New clip shows Amritpal Singh walking street of Patiala in jacket, sunglasses | WATCH, I will continue my Tapasya, says Rahul Gandhi on his disqualification as MP, India on track of becoming a developed nation: PM Modi, BJP maligning regional parties: Akhilesh Yadav on ED, CBI raids, Congress announces 1st list of candidates for Karnataka polls, Siddaramaiah to contest from Varuna, In audio, Khalistanis threaten to replace Tricolour with Khalistan flag in Delhi, Man runs towards PM Modi's convoy during Karnataka poll rally, cops say 'attempt unsuccessful', One killed, 4 injured in mortar shell blast in J-K's Samba district, Jammu Police detains couple with links to Amritpal Singh's 'mentor', Congress to hold 'sankalp satyagrah' across country tomorrow. Last quarter, Infosys had a net employee addition of 21,171 employees. Indian IT giant Infosys has sacked hundreds of fresher employees after they failed to clear the internal fresher assessment (FA) test, Business Today has learnt. Reports suggest that over 6,000 employees in India have lost jobs even as the company has put in place a voluntary separation programme for mid to senior execs. Speculation about thousands of job cuts last month has heightened anxiety among employees. WebAnswer (1 of 9): The answer is about Situation in India's IT sector, of course along with Infosyss lay off plan. It is being reported from various sources that from different sectors of the company total 5000 fresher employees are terminated this year by Infosys who were TK Kurien is poaching star performers from rival firms as he approaches the final stages of a mass cull of middle and senior management staff. Copyright 2023 Living Media India Limited. WebInfyMe brings the world of Infosys at the fingertips of our employees. Now, adding to the debate on whether dual employment is ethical or not, Infosys CEO shares his stance on the concept of dual employment. Infosys fires almost 600 fresher employees after they failed to clear an internal test, suggests report. IT employees get nod to set up trade union in Karnataka, Cognizant President Rajeev Mehta writes to employees, assuages layoff concerns, IT layoff numbers are exaggerated, says top TCS executive Ravi Viswanathan, Layoff number exaggerated, IT industry is a net hirer of people: Nasscom, After Cognizant, other IT biggies like Wipro and Infosys also prepare for layoffs, Not pessimistic on IT jobs, startups should help: Urjit Patel, FITE planning group petition with Tamil Nadu labour department on alleged lay-off by Cognizant, Donald Trump blamed for job losses as India tech workers face cuts, IBM, the silent job cutter, stokes worker anxiety, speculation, Government allays IT job loss fears, says working on H-1B issues, If you are techie with 5-15 years experience & based in a small city, this should worry you, Techie, and worried about layoffs? Let's stay updated! Infosys on Thursday said it has fired employees who were into moonlighting over the last 12 months. Tamil Nadu, home to an estimated four lakh IT professionals, is witnessing increasing job losses typically among middle-level managers. Infosys CEO Salil Parekh said during the Q2 earnings briefing on Thursday that the company does not support dual employment. But lower level employees, too, will be hurt later in the year due to sluggish growth. Infosys layoffs employees for moonlighting. Post with kindness. BENGALURU: The countrys second largest software services company Infosys has terminated the services of non-performing employees at multiple levels as part of its involuntary attrition, a company source said on Tuesday. He didn't reveal the number of employees that the company laid off for moonlighting. The latest developments are an extension of what has transpired in the so-called new economy over the last six to eight months.

And coming to the below job levels, they might have a future but it isn't too bright when Continue Reading Rachit Mundhada Worked at Infosys Limited Upvoted by Vinay Agrawal Get the news updates on WhatsApp & Telegram by subscribing to our channels. Those taking the hit first are mid and senior level professionals, those with 10 to 20 years of experience, but the expectation is that lower level employees too will be hurt later in the year, as growth in the $150-billion industry slows far more than anticipated and companies move towards hiring more in the US. The Infosys CEO added that the company is developing more comprehensive policies for that while ensuring contractual and confidentiality committed are fully respected. The company, he explained, has set up a program called Accelerate where employees can take up other gigs apart from their primary work. Fuel Crisis: FG Threaten Sanctions Against Filling Stations, Order Them to Accept Bank Transfer, POS Payments, Abdul Latif Jameel Health, iSono Health Partner Launch AI-driven Portable 3D Breast Ultrasound Scanner in Nigeria, Africa, CNN Regional Editor, Gbenga Daniel, others, Grace Launch of Shades of Beauty Med Spa & Oye Fashion in Lagos, Elon Musk Suspends Celebrity Journalists Tweeter Accounts, Ecobank Initiated Fintech-focused Journalism Programme Produces Maiden Graduates, Nigerian Breweries Brands Brew a Fun-filled December at Wonderland in Lagos, Prosper Africa Plans to Invest $170 million to Boost African Exports and U.S Investment by $2 Billion, Flutterwave Set for Market Expansion in Kenya.

With opportunities shrinking and markets transforming, a fifth of 40 lakh Indian software engineers are likely to lose their jobs by 2020. Jobs replaced by automation do not go for good. Accenture, Infy, TechM, Cognizant, MphasiS investing to make workforce future-ready. Thats the buzzword in the IT world these days. "As a high performance organisation, involuntary attrition is integral to normal course of business and this (sacking) should not be interpreted as any mass trimming across any level in particular," said the city-based IT behemoth in an e-mail to IANS.

Accenture is offering a seven-month severance payout to employees impacted by its latest layoffs. Layoffs at tech startups are expected to continue until the end of quarter, after which the situation could improve, industry experts said. The firing operations are being taken up on the pretexts of growth plans', restructuring', role rationalisation' etc, which are nothing but measures to maximise their profits at the cost of employees," CITU said in a statement. In fact the industry continues to be a net hirer with over 1.5 lakh people being employed on a net basis each year," Nasscom said. The new service line -- Digital Business and Technology -- will be headed by current president and head of digital business, Malcolm Frank. Thank you for leaving an honest review. IT cos have no choice but to lay off some of their mid-level staff to become more agile, said ex-CFO of Infosys. infy as a company has 90% useless people . Infosys CEO Salil Parekh has revealed that the company, in the last 12 months, has let go of people working for two companies at a time. Social media is no longer a place for teenagers to post selfies.