Earlier this year, Infosys announced that it is working on 225 GenAI projects for its clients and has already trained over 2,50,000 employees in the technology
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The job cuts will primarily target salaried staff within the company’s software and services division
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This workforce reduction, affecting around 1,000 employees globally, is expected to be completed by 30 September
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CEO Vishwa Nath Jha disclosed that a valuable US visa was purportedly taken from his passport by a top employee
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This is the second round of layoffs for the tech giant in 2024, following a similar move in February when nearly 4,000 employees were let go
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Additionally, the company has decreased its hiring rate, recruiting 33% fewer new employees compared to the previous year
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These layoffs are part of a broader reduction by Branch Metrics, the company that acquired Nova Launcher in 2022
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While no teams are being entirely disbanded, significant impacts will be felt by National Geographic, local TV stations, Freeform, and the network’s marketing and publicity departments
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In addition to the go-to-customer restructure, Avaya has made “related operational changes” to align its sales, services, and engineering teams
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These measures aim to streamline operations and reduce losses amid challenges in securing funding, as per media report
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