This brings the total number of tech professionals laid off this year to over 1,36,000 across 422 companies
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The decision comes as the company grapples with severe financial difficulties, including overdue payments to employees and vendors
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The layoffs will amount to roughly 1,300 to 1,800 employees and is a part of its routine annual review process
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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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