
Infosys Fires 240 More Trainees for Failing the Test
Through NIIT and UpGrad, Infosys is providing free upskilling classes to those who are impacted. The layoffs occur while Infosys manages a low level of demand.
Through NIIT and UpGrad, Infosys is providing free upskilling classes to those who are impacted. The layoffs occur while Infosys manages a low level of demand.
The startup laid off about 20 members of the engineering and product teams earlier this year, making this the second round of layoffs from these teams. According to the sources, it also fired its whole 40-person insurance staff early this year.
According to the report, numerous senior officials, including numerous workers who make more than INR 1 crore a year, have been asked to step down.
The action is a component of a continuous reorganisation that started last year when Google combined its Chrome and Android teams under the Pixel and Devices group.
A media report claims that as part of a reorganisation plan, audio series provider Pocket FM is laying off about 75 workers. The company has laid off employees twice in the last six months in an effort to reduce expenses and get closer to profitability. According to reports, Pocket FM
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> This article has been contributed by Sridhar Laxman, Executive Coach, Lucid Minds Coaching. Layoffs, terminations, downsizing, and reorganization is a challenging and complex processes. Companies hire employees when the business demand is high, cash flows are healthy, and the external environment is favorable for a quick and sustained expansion.
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