Infosys lays off mid, senior level executives

Updated: Nov 05, 2019, 03.07 PM ISTAgenciesSources told that it will lay off 2-5% of the workforce at the associate (JL3 and below) and middle (JL4 and 5) levels.HighlightsThe company is letting go of 10% of the workforce, or around 2,200 people, in the JL6 band (job level 6), an internal job code for senior…

Infosys lays off mid, senior level executives

Updated: Nov 05, 2019, 03.07 PM ISTAgenciesSources told that it will lay off 2-5% of the workforce at the associate (JL3 and below) and middle (JL4 and 5) levels.HighlightsThe company is letting go of 10% of the workforce, or around 2,200 people, in the JL6 band (job level 6), an internal job code for senior managersInfosys has 30,092 employees in the JL6, JL7 and JL8 bands(This story originally appeared in on Nov 05, 2019)BENGALURU: Infosys, like Cognizant, is laying off people, and in similar fashion – a targetted move to reduce some of the perceived fat, particularly in the middle and top, and flatten the organisation.
The company is letting go of 10% of the workforce, or around 2,200 people, in the JL6 band (job level 6), an internal job code for senior managers. Infosys has 30,092 employees in the JL6, JL7 and JL8 bands.
Sources told TOI that it will lay off 2-5% of the workforce at the associate (JL3 and below) and middle (JL4 and 5) levels. That translates to 4,000-10,000 people. Infosys has 86,558 employees and 1.1 lakh employees at the associate and middle bands respectively.
About 2-5% of the 971 title holders – senior executives in the ranks of assistant vice presidents, vice
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