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Home / News / Business News / Infosys releases 9000 employees as automation kicks in
  • Business

    Infosys releases 9000 employees as automation kicks in

    Written by
    Sneha Johny
    Edited by
    NewsBytes Desk
    Last updated on Jan 22, 2017, 07:45 am
    Infosys releases 9000 employees as automation kicks in
    Credits:
  • Infosys stated that it has released 8000-9000 employees in the last year as it has begun automation of lower-end jobs.

    Infosys HR head Krishnamurthy Shankar said "we have been releasing about 2,000 people every quarter and also training them in special courses that will help them in their new assignments."

    The company's total employee strength has reduced to 1,99,763.

  • In this article
    Infosys Infosys EVP Sanjay Purohit resigns Sanjay Purohit's role in the tech giant Infosys facing leadership strife? Infosys executive on Vishal Sikka's leadership decisions Infosys ropes in former executive DN Prahlad Infosys's appointment of DN Prahlad sees shareholders uneasy Proxy advisor firms question Prahlad's appointment Infosys releases 9000 employees as automation kicks in
  • About

    Infosys

    Infosys
  • Infosys is one of India's biggest software companies, headquartered at Bengaluru, Karnataka.

    The company is also one of the world's leading software exporters.

    Founded in 1981, it is pitched to be the second largest Indian IT company in terms of revenues earned.

    The company, currently led by Vishal Sikka at the helm, has a market capitalization of $42.5 billion.

  • 20 Sep 2016

    Infosys EVP Sanjay Purohit resigns

    Infosys EVP Sanjay Purohit resigns
  • Last month, Infosys's Executive Vice President, Sanjay Purohit left the company.

    Purohit was pitched as the seventh Executive Vice President to leave the IT services company, according to reports.

    Purohit was heading strategic initiatives for the company along with Pravin Rao, who serves as the Chief Operating Officer for Infosys.

    A replacement for Purohit had not been finalized then.

  • Responsibilities

    Sanjay Purohit's role in the tech giant

    Sanjay Purohit's role in the tech giant
  • Infosys's website states that Sanjay Purohit has over 25 years of experience across cross-initiatives and starting up new businesses, and enabling innovation across business models.

    He has also been in the midst of leadership development for the company.

    Purohit's role saw him responsible for the development of Infosys's business operations across 20 countries, and required him to target new sources of business for Infosys.

  • 20 Sep 2016

    Infosys facing leadership strife?

    Infosys facing leadership strife?
  • Purohit's departure comes in the wake of other senior management exits from the company.

    Infosys's CEO has also reversed decisions he took on the heads of business divisions in less than 18 months.

    After Vishal Sikka took over as CEO for the company in 2014, he has made periodic changes in leadership and senior management, leading to questions on his ability to retain management.

  • Quote

    Infosys executive on Vishal Sikka's leadership decisions

  • "The question is not why there are so many exits even after two years, although by now there should be some stability. But why did the CEO appoint leaders in the first place, only to move them out later?" said a senior executive.

  • 15 Oct 2016

    Infosys ropes in former executive DN Prahlad

    Infosys ropes in former executive DN Prahlad
  • Late last week, Infosys roped in one of its former executives, DN Prahlad, as an independent Director for the company.

    Prahlad had worked in the software firm from 1986 to 1998, with his LinkedIn profile stating that he had been responsible for managing total revenues of over 35% for the company.

    After leaving Infosys in 1998, Prahlad founded his own company, Surya Software Systems.

  • 20 Oct 2016

    Infosys's appointment of DN Prahlad sees shareholders uneasy

    Infosys's appointment of DN Prahlad sees shareholders uneasy
  • After Infosys appointed DN Prahlad, a former employee and a relative of N.R. Narayana Murthy to the company's board, many shareholders have not responded well to the appointment.

    Prahlad's Surya Software Systems has also been reported to have engaged in business with Infosys.

    Infosys responded stating that Surya's business with Infosys's banking platform is not massive, and Prahlad was appointed after obtaining required approvals.

  • Quote

    Proxy advisor firms question Prahlad's appointment

  • "Prahlad certainly seems to be a nominee of the founders. It is clear that by having Prahlad on the board, the founders want access to the board and ability to influence decisions," said Shriram Subramanian, founder and managing director of InGovern Research Services.

  • 22 Jan 2017

    Infosys releases 9000 employees as automation kicks in

    Infosys releases 9000 employees as automation kicks in
    Credits:
  • Infosys stated that it has released 8000-9000 employees in the last year as it has begun automation of lower-end jobs.

    Infosys HR head Krishnamurthy Shankar said "we have been releasing about 2,000 people every quarter and also training them in special courses that will help them in their new assignments."

    The company's total employee strength has reduced to 1,99,763.

  • India
  • LinkedIn
  • Infosys
  • Vishal Sikka
  • Narayana Murthy
  •  
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