Infosys lays off 240 trainees who failed to clear training programme

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Infosys lays off 240 trainees who failed to clear training programme - Business Standard

Quick Summary:

The email was sent after the announcement of the final assessment attempt of these trainees who were onboarded during October-November last year, after waiting for around two-and-a-half-years.“...

What’s noteworthy is the layoff communication comes a day after the company announced that it is looking to hire thousands of fresh graduates from engineering colleges in this financial year.

Its net profit in the fourth quarter (Q4) of 2024-25 stood at ₹7,033 crore, down 11.7 per cent from a year earlier, as selling and marketing expenses increased.Revenue grew 7.9 per cent to ₹40,925 crore.ED attaches ₹121.