Layoffs at Infosys: The news portal Moneycontrol said on Friday that the IT major is in the process of laying off 400 employees in Mysuru after new hires failed evaluation exams. Prior to Friday's market closure, shares were trading lower.
Infosys Layoffs: According to Moneycontrol, a news source that cited people with knowledge of the situation, Indian IT giant Infosys Limited is in the process of laying off 400 trainee positions after these new hires failed three consecutive tries at the evaluation tests.About half of the new hires who were onboarded in October 2024 would be laid off, according to the news portal's report.
"At Infosys, we have a rigorous hiring process where all freshers are expected to clear internal assessments after undergoing extensive foundational training at our Mysuru campus," the company stated in an official statement that the news outlet cited.
According to the IT company, candidates have three chances to pass the test; if they don't, they would no longer be able to work for the company as per their signed contract.
According to their contract, all new hires have three chances to pass the test; if they don't, they won't be allowed to stay with the company. This procedure has been in place for more than 20 years and guarantees our clients access to top-notch talent," Infosys stated, stating.
According to their contract, all new hires have three chances to pass the test; if they don't, they won't be allowed to stay with the company. Citing the news portal's article, Infosys stated, "This process has been in place for more than 20 years and ensures a high quality of talent availability for our clients."
What caused them to fail the exam?
According to a trainee quoted by the news source, the test was "very tough" and "made to fail."
A dismissed student told the news outlet, "This is unjustified because the tests were very tough and made to fail us, many trainees have fainted as the future looks bleak now."
According to the sources quoted in the news portal, the article also stated that Infosys was contacting trainees in groups of around fifty to have them sign the "mutual separation" letters.
Citing the Nascent Information Technology Employees Senate (NITES), the news source Economic Times stated that Infosys has begun laying off about 700 college recruits who were hired in October.
"Infosys has started laying off about 700 campus recruits who were onboarded just a few months ago in October 2024 in a shocking and unethical move," attorney Harpreet Singh Saluja, president of NITES, told ET.
According to the news portal on Friday, Infosys stated that fewer than 350 candidates are being let go. The share price of Infosys was down 0.68% at the conclusion of Friday's market session at ₹1,902.85, compared to ₹1,915.95 at the previous market close.
What caused them to fail the exam?
According to a trainee quoted by the news source, the test was "very tough" and "made to fail."
A dismissed student told the news outlet, "This is unjustified because the tests were very tough and made to fail us, many trainees have fainted as the future looks bleak now."
According to the sources quoted in the news portal, the article also stated that Infosys was contacting trainees in groups of around fifty to have them sign the "mutual separation" letters.
Citing the Nascent Information Technology Employees Senate (NITES), the news source Economic Times stated that Infosys has begun laying off about 700 college recruits who were hired in October.
"Infosys has started laying off about 700 campus recruits who were onboarded just a few months ago in October 2024 in a shocking and unethical move," attorney Harpreet Singh Saluja, president of NITES, told ET.
According to the news portal on Friday, Infosys stated that fewer than 350 candidates are being let go. The share price of Infosys was down 0.68% at the conclusion of Friday's market session at ₹1,902.85, compared to ₹1,915.95 at the previous market close.
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