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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s