Tag Archives: Infosys

IT major Infosys has informed its employees that it will introduce “system interventions” to ensure compliance with its hybrid work policy, mandating at least 10 days of work from the office each month. The changes, set to take effect from March 10, 2025, were communicated through an internal email sent by functional heads, as reported by The Economic Times.

Bengaluru: IT giant Infosys has come under fire after reportedly laying off nearly 700 freshers from its Mysuru campus, according to claims made by the IT employees' union, Nascent Information Technology Employees Senate (NITES). The terminations have sparked widespread outrage on social media, with netizens expressing shock and sympathy for the affected employees.

Infosys, the tech giant, has announced a significant performance bonus for eligible employees for the second quarter ending in September. Junior and mid-level employees in the company’s delivery and sales verticals stand to receive a performance bonus of up to 85%, to be paid alongside their November payout.

Tata Group and Infosys have once again emerged at the forefront of Brand Finance's latest report on the most valuable Indian brands for 2024. The annual India 100 report, compiled by Brand Finance, assessed over 250 Indian brands across various sectors including IT, hospitality, automotive, and retail.

In a disclosure from Infosys, India's second-largest software maker, it has been revealed that CEO Salil Parekh's compensation for fiscal year 2024 totaled a staggering 662.4 million rupees ($7.9 million). This places him among the highest-paid Indian IT chiefs currently leading major tech firms.

Bengaluru, March 31, 2024: Infosys Ltd, one of India's leading IT services companies, has announced that it anticipates a refund of ₹6,329 crore from the Income Tax Department. This revelation comes after the company received orders for assessment years spanning from 2007-08 to 2018-19 during the quarter.

NVIDIA collaborates with Infosys to establish an AI Center of Excellence, aiming to train and certify 50,000 Infosys employees in NVIDIA's AI technologies. The partnership focuses on leveraging generative AI applications and solutions to enhance enterprise productivity and develop AI-powered solutions in various sectors.

Infosys, the Bengaluru-based IT services company, has recently announced changes to its work-from-home policy, informing employees in the United States and Canada that the option to work remotely will no longer be available. This decision, affecting over 30,000 employees, comes with a warning of possible disciplinary action for non-compliance.