#Infosys may layoff 10,000 employees for cost cutting

 

The Indian IT services company, Infosys will be firing as many as 10,000 employees in mid-senior level positions in a move to cut costs to deal with the double whammy of low margins and slow growth, IT and restructure their organisations. Infosys is laying off people in mid-senior level positions. Amid an economic slowdown in the country, this will impact Infosys workforce across all levels in the programming and engineering divisions.