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Infosys let go of 240 trainees after assessment, offers upskilling programmes

Economic Times

Economic Times · 4m ago

Infosys let go of 240 trainees after assessment, offers upskilling programmes

Infosys has laid off 240 trainees after they failed internal assessments, despite additional preparation support and multiple attempts. Previously, 300 trainees were let go for similar reasons. The company offers affected trainees free upskilling programs through NIIT and UpGrad, along with one-month's pay and outplacement services. Financial results for Q4FY25 showed a 12% decline in net profit, with revenue rising by 8%. Infosys plans to hire 20,000 freshers in fiscal 2026.

Related News

‘Tears, cruelty, fear of speaking out…’ fired Infosys trainees allege nightmare departure from IT giant

Livemint

Livemint · 6m ago

‘Tears, cruelty, fear of speaking out…’ fired Infosys trainees allege nightmare departure from IT giant

Recently dismissed Infosys trainees shared distressing experiences, alleging harsh treatment. Trainees were forced to vacate the Mysuru campus by evening, despite requests to stay. Allegations include being "shielded" from others during termination to avoid attention. The termination affected about 400 trainees who failed assessment tests after three attempts. Infosys explained their rigorous hiring and assessment procedure requires freshers to meet performance criteria, with unsuccessful candidates unable to continue employment.

Infosys lays off 240 freshers over failed assessments

Business Today

Business Today · 4m ago

Infosys lays off 240 freshers over failed assessments

Infosys recently laid off 240 freshers after they failed internal assessments, marking the second round of performance-related dismissals this year. The affected System Engineers and Digital Specialist Engineers, who joined in October 2024, are being offered free upskilling and career transition support through external training programs. Those departing from Mysuru will receive relocation support. Infosys aims to onboard 20,000 freshers in FY26, following the addition of over 15,000 new employees last year.

Infosys Layoffs: IT major cuts 400 jobs in Mysuru after employees fail evaluation tests

Livemint

Livemint · 6m ago

Infosys Layoffs: IT major cuts 400 jobs in Mysuru after employees fail evaluation tests

Infosys is laying off 400 trainees in Mysuru who failed three consecutive internal evaluation tests, as part of a process in place for over two decades. Despite allegations from terminated trainees that the tests were excessively difficult and designed to induce failure, the company maintains the process ensures high talent quality. Reports suggest Infosys demanded trainees sign "mutual separation" agreements, a move criticized by NITES for being unethical. Infosys disputes the scale of layoffs, noting fewer than 350 affected.

Mysuru layoffs: NITES threatens protest; Infosys says testing norms communicated to trainees

YourStory

YourStory · 6m ago

Mysuru layoffs: NITES threatens protest; Infosys says testing norms communicated to trainees

Infosys faced criticism after laying off over 300 trainees who failed internal tests at its Mysuru campus. The IT workers’ union NITES threatened protests if the government doesn't act against the perceived injustice. Infosys maintains that performance assessments were clearly communicated as part of their training program, which is globally recognized. They provided severance pay and support to affected trainees. NITES insists on accountability and justice, considering the layoffs unfair and threatening protests if ignored.

Another 195 trainees fail assessment test at Infosys; co offers outplacement and upskilling support

Economic Times

Economic Times · 4m ago

Another 195 trainees fail assessment test at Infosys; co offers outplacement and upskilling support

Infosys has terminated 195 more trainees at its Mysuru campus for failing internal assessments, bringing the total affected to over 800 since February. Despite additional preparation resources provided, these trainees did not meet the criteria for the 'Generic foundation training program.' The company offers outplacement services, counselling, and training programs through partners like NIIT and UpGrad. Infosys provides one month’s pay and a relieving letter to the impacted individuals for further support in their career transition.

Infosys receives tax demand of ₹341 crore

Thehindubusinessline

Thehindubusinessline · 1y ago

Infosys receives tax demand of ₹341 crore

IT company Infosys has been slapped with a tax demand of ₹341 crore by the Indian Income Tax Department for the assessment year 2020-21. Infosys is currently evaluating the implications of this order on their financial statements and is considering filing an appeal. Additionally, one of the company's subsidiaries has received a refund order amounting to ₹15 crore for the assessment year 2014-15. This comes after Infosys was reported to be expecting a refund of ₹6,329 crore from the IT department. Infosys had previously disclosed a tax demand of around ₹2,763 crore.

Blume Ventures invests $10 million in edtech firm Interview Kickstart, largest maiden cheque

Economic Times

Economic Times · 1y ago

Blume Ventures invests $10 million in edtech firm Interview Kickstart, largest maiden cheque

Bengaluru-based venture capital firm Blume Ventures has invested $10 million in Upward & Onward, the company behind software and AI-based upskilling platform, Interview Kickstart. The US-based platform offers programmes in AI, machine learning and data science, among other advanced engineering areas. Over 20,000 professionals have completed its courses so far. The funding will be used to expand the platform globally, starting with India. In addition, founder Ryan Valles said the company's programmes have helped students secure job offers worth over $250,000, with the highest offer reaching $1.2 million.

Infosys to receive windfall tax refund of ₹6,329 crore from IT department

Livemint

Livemint · 1y ago

Infosys to receive windfall tax refund of ₹6,329 crore from IT department

Infosys, an IT major, is set to receive a tax refund of ₹6,329 crore from the income tax department. However, the company also faces a tax liability of ₹2,763 crore as per assessment orders. These refunds, including interest, relate to assessment years from 2007-08 to 2018-19. Infosys is evaluating the implications of these orders on its financial statements. Additionally, Infosys subsidiaries have received assessment orders, resulting in a tax demand of ₹277 crore covering assessment years from 2018-19 to 2021-23. The company is considering appealing against these orders and is assessing the impact on its financial records.

Tech giant Infosys to receive windfall tax refund of Rs 6,329 crore from I-T department

IndianStartupNews

IndianStartupNews · 1y ago

Tech giant Infosys to receive windfall tax refund of Rs 6,329 crore from I-T department

Indian technology company Infosys is set to receive a tax refund of around $750 million from the Income Tax Department. The refund covers multiple assessment years from 2007-08 to 2018-19. However, Infosys also faces tax liabilities of about $360 million for the assessment year 2022-23 and a demand of $540,000 for the year 2011-12. Additionally, several subsidiaries of Infosys have received assessment orders, resulting in a collective tax demand of approximately $37 million. The company is evaluating the implications of these orders on its financial statements and may appeal against them.

Infosys gets demand notice of ₹341 crore from income tax department

Livemint

Livemint · 1y ago

Infosys gets demand notice of ₹341 crore from income tax department

Infosys, the IT giant, has disclosed that it received a tax demand of ₹341 crore from the Income Tax department for the assessment year 2020-21. The company is assessing the implications of this demand on its financial statements and considering filing an appeal against it. Additionally, a subsidiary of Infosys has been instructed to refund ₹15 crore for the 2014-15 assessment year. However, Infosys is also set to receive a tax refund of ₹6,329 crore and has a tax liability of ₹2,763 crore for various assessment years. The company is evaluating the impact of these orders on its financial statements.

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