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Kaustubh Katdare
Kaustubh Katdare • Dec 1, 2009

Infosys layoff 2009 - one more time?

We just got the news that Infosys is laying off its employees once again. This time, about 5-10% of the workforce may be laid off.

Its being said that the layoffs are being done under the name of under performance. Any Infosys insiders here who can keep us updated with the latest news?
sarveshgupta
sarveshgupta • Dec 1, 2009
What!
5-10% is a big number

Why so when the company's performance is improving

It is reporting better than the street expected numbers for the last couple of quarters

I wonder if under performance is the real reason behind it.
Only one word to explain the situation of Infosys, HORRIBLE !!!

Most probably they are not out of the recession zone yet, thats why they are trying to increase their profit, by cutting down their enormus work force (man power)

-CB

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