Infosys to fire up to 5,000 workers: Report
Infosys is planning to lay off up to 5,000 employees as the software services provider looks to cut costs and boost sales, said a newspaper report on Friday.
January 04, 2013 / 15:17 IST
Infosys is planning to lay off up to 5,000 employees as the software services provider looks to cut costs and boost sales, said a newspaper report on Friday.
The report came as Infosys Ltd executive co-chairman S. Gopalakrishnan was quoted by other media reports as saying 2013 will be better than last year for India's IT industry.Gopalakrishnan was quoted as saying brighter prospects for the United States and China would help the IT sector, as he addressed an event for the Infosys Science Foundation on Thursday.Infosys was not immediately available to comment on the reports.Infosys shares were up 0.5 percent, in line with the 0.6 percent gain in the IT sub-index. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
