It's misinformation Biggie, Satyam laid of 4500 employees, and that due too the recent financial giants Lehman Brothers and Merill Lynch crumbling down.
This is a discussion on Infosys layoff : 4,500 employees? within the CE - InFocus forums, part of the CE : Lounge category; CEans, I just got the news that Indian IT Major, INFOSYS has shown pink slip to 4,500 employees. Can someone ...

CEans,
I just got the news that Indian IT Major, INFOSYS has shown pink slip to 4,500 employees.
Can someone confirm the news? I hope its a rumor!
{Updated April 2009}: We have ex-infoscions confirming the news. It's being said that the layoffs in Infosys have started from Feb 15, 2009. Read here: Infosys layoff : 4,500 employees?
Last edited by The_Big_K; 13th April 2009 at 11:52 AM.
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It's misinformation Biggie, Satyam laid of 4500 employees, and that due too the recent financial giants Lehman Brothers and Merill Lynch crumbling down.

Is it? My friend's roomie got fired along with lots of other employees. Anyone from Infosys can confirm the news, please?
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Check this link, its a misinformation.
http://sify.com/finance/fullstory.php?id=14608194

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Oops sorry, i missed that.
Infy information is I think wrong. They might have fired few employees. but 4500 is a big figure. Moreover they were not involved with either Merrill Lynch or Lehman Brothers. And Satyam has not yet laid off, but they are going to do it in phases.
No,Infosys is not layying off !am sure

They are offering pay-cuts and paid leaves [half salary] options.
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Sad but true..