Infosys, Capgemini axe jobs

Days after Cognizant announced job cuts targeting mid- and senior-level employees, rival Infosys has followed suit. Sources told Times of India the company was laying off 10% of its workforce, or 2,200 people, in the senior manager band and 4,000-10,000 staffers at the associate and middle levels. Up to 50 senior executives will also get the sack. Infosys called the action “normal course of business”, but Livemint cited a source as saying that the company was not laying off thousands of employees. French IT major Capgemini has also cut nearly 500 jobs after customers scaled back on projects.

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