Infosys

IT majors to lay off at least 56,000 employees this year [VIDEO]

IT majors Wipro, Infosys, Cognizant, Tech Mahindra are planning to lay off 56,000 engineers this year. The year 2017 witnessed massive IT Sector layoffs in India.

Jul 6, 2017

IT layoffs: Job cuts in the sector exaggerated, believes Infosys HR head Krishnamurthy Shankar

Krishnamurthy Shankar said that as the industry grows at a rapid pace each year, employees will definitely need to keep up with the changing standards.

Jul 4, 2017

More bleak days for IT sector; automation juggernaut is on and it's irreversible

IT companies have not performed too well in the markets this year either, with stocks slipping over 14 percent until now and the future seems bleak.

Jul 3, 2017

Infosys appoints D Sundaram as independent director

The former vice-chairman of Hindustan Unilever Limited heads TVS Capital Funds.

Jul 1, 2017

IT sector employees likely to see a maximum hike of 9% even after months of delay in increment

Most companies are likely to give out hikes on the basis of the growth in its revenue, amounting to about 6-8 percent.

Jun 30, 2017

After reported layoffs, Cognizant delays promotions and salary hikes by 3 months

Cognizant Technology Solutions (CTS) has deferred promotions and salary hikes of its employees by three months, due to higher business costs, visa curbs and slow growth.

Jun 29, 2017

Infosys admits automation related job losses hit 11,000

Indian IT-giant Infosys held its 36th Annual General Meeting on Saturday, June 24, during which it admitted that it had released 11,000 jobs due to automation.

Jun 26, 2017

Infosys chairman Seshasayee to retire next year on turning 70

Says that for the rest of his tenure, he will focus on improving shareholder value and planning a smooth transition to his successor.

Jun 25, 2017

Infosys co-founders keep away from annual general meeting

India's second-largest IT services exporter Infosys held its 36th AGM in Bengaluru on Saturday.

Jun 24, 2017

Infosys CEO Vishal Sikka gets clean chit from US law firm in Panaya deal

The details of the investigation carried out by law firm Gibson Dunn & Crutcher, LLP, and the findings were released on Friday, June 24. It said there was no evidence of any wrongdoing by Vishal Sikka.

Jun 24, 2017

Infosys to pay $1 million to settle visa violation case in New York

Infosys' $1 million settlement comes after a whistleblower claimed Infosys brought foreign IT workers to New York on a visitors visa and did not pay the applicable taxes.

Jun 24, 2017

Gear change: Face IT industry headwinds with the right skillsets

Tech services companies which invested in digital services are likely to be the only ones showing revival in growth rates in future.

Jun 23, 2017

Infosys Finacle wins four international banking excellence awards

The awards were instituted by The Asian Banker.

Jun 22, 2017

Infosys sued in US: Will it hit firm's plans to hire 10,000 employees in America?

Former head of immigration Erin Green has filed a lawsuit against Infosys, accusing the IT giant of discrimination against non-Asian employees and retaliation by the senior management.

Jun 22, 2017

GST cloud: Amazon suspends sellers' platinum rights

Cloudtail India, a top seller on the portal, which is a joint venture between Amazon.com and Infosys co-founder Narayana Murthy's Catamaran Ventures, has emerged as the sole Platinum seller.

Jun 19, 2017

Infosys: Key takeaways from annual report 2017

India's second-largest IT services company Infosys, headed by CEO Vishal Sikka will be holding its 36th AGM on June 24.

Jun 17, 2017

Infosys' Sandeep Dadlani resigns, Karmesh Vaswani and Nitesh Banga to replace him

After Sandeep Dadlani's resignation to pursue other interests, Infosys has announced the appointment of Karmesh Vaswani as Global Head of retail and Nitesh Banga as the global head of manufacturing.

Jun 16, 2017

Crorepati glut: Infosys grapples with high staff pay

Infosys is reportedly offering an annual package of over Rs 1 crore to its employees abroad and the financial burden on the IT giant is now likely to amplify.

Jun 15, 2017

Infosys refers to risk from 'activist shareholders' in US SEC filing, almost blames founders

In the past few months, founders/former top Infosys executives such as Narayana Murthy, Mohandas Pai and Balakrishnan have raised corporate governance issues.

Jun 13, 2017

Winds of change? Karnataka Govt mulling policy to address concerns of mass layoffs in IT sector

The Karnataka government has been mulling a policy that addresses the concerns of employees, especially those who have unfairly been sacked by their employers.

Jun 13, 2017