Infosys sacks 195 trainees over failed internal tests: Report
Infosys has dismissed another 195 trainees after they failed to clear internal assessment tests, pushing the total number of exits since February to nearly 800, reported moneycontrol.The move marks the fourth such round of trainee terminations at India's second-largest IT services company, which is grappling with weak demand and flat revenue projections for the current fiscal year.The latest exits were communicated via emails dated April 29, which stated that the trainees had not cleared the 'Generic Foundation Training Program' despite extended preparation time, doubt-clearing sessions, and three attempts at the final assessment. The affected trainees were part of the System Engineer (SE) and Digital Specialist Engineer (DSE) intake.advertisement
'While this may be a disappointing outcome, we are here to further support you in your learning journey,' the company said in an email.Like in previous rounds, Infosys is offering a one-month ex-gratia payout, a relieving letter, and an optional transition package that includes training for alternative career paths. Those who opt in can receive 12 to 24 weeks of free upskilling, courtesy of partnerships with NIIT and UpGrad.The programs are aimed at preparing trainees for roles in either the Business Process Management (BPM) sector or core IT functions.So far, around 250 former trainees have enrolled in the offered upskilling programs, and about 150 have signed up for outplacement services facilitated by Infosys. For those unwilling to pursue the BPM track, the company is providing transport from Mysuru to Bengaluru and a standard travel allowance to return home.advertisementAccommodation at the Mysuru Employee Care Centre is also available for a limited time.The recent development follows three earlier rounds of exits — over 300 in February, around 35 in March, and 240 more in April. All affected trainees were part of a batch that had waited more than two years post-offer to begin their training.The company has reiterated that the assessment process is standard and in line with its longstanding policy: those who do not qualify after multiple attempts cannot continue with the organisation.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
8 hours ago
- Business Standard
Bessemer names Pankaj Mitra as partner to bolster India investments
Private equity firm Bessemer Venture Partners on Wednesday named Pankaj Mitra as a partner in its India division who will concentrate on investments in enterprise technology, artificial intelligence (AI) and cybersecurity. 'I am thrilled to join Bessemer at this pivotal time. The ongoing AI platform shift offers a once-in-a-generation opportunity for builders to usher in the next wave of tech evolution across industries,' said Mitra. 'With its stellar track record, Bessemer is poised to partner with this new generation of ambitious, world-class founders in India addressing pain points domestically and globally.' Mitra, who has more than 25 years of experience in technology, joins Bessemer from Cisco's corporate development team, where for seven years he led investments and mergers and acquisitions activity for the global customer experiences portfolio as well as for India. Some of his investments include Fiddler (AI observability), Uniphore (contact center AI), and Whatfix (digital adoption). Mitra worked at Infosys in a similar capacity and was part of the founding team for its $500 million innovation fund. His investments at Infosys included Ideaforge and Whoop. Earlier in his career, Mitra helped launch VMware's first cloud services as a product manager and was also a management consultant at Deloitte. Mitra is an Indian Institute of Technology Kharagpur alumnus and holds an MBA from UC Berkeley Haas School of Business. 'Pankaj brings a breadth of experience which is a unique blend of investing prowess as well as deep industry knowledge,' said Vishal Gupta, Partner at Bessemer. 'This will be invaluable as we look to deepen our commitments in AI, enterprise-tech, and cybersecurity in India.' Bessemer has been in India for two decades and its legacy investments include Mediassist, Perfios, Swiggy and Urban Company. Some of its more recent partnerships have been with Boldfit, Easebuzz, Protectt, Shopdeck and more. Bessemer announced its second India fund with $350 million of capital in March this year with a focus on AI, fintech, enterprise-tech, digital health, consumer, and cybersecurity.
Time of India
15 hours ago
- Time of India
Infosys Share Price Live Updates: Infosys wraps up at Rs 1553.8
04 Jun 2025 | 08:45:18 AM IST Stay informed with the Infosys Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on Infosys, including: Last traded price 1543.0, Market capitalization: 640848.55, Volume: 6853403, Price-to-earnings ratio 23.99, Earnings per share 64.32. Our liveblog combines fundamental and technical insights to provide a holistic view of Infosys's performance. Stay ahead of the market with breaking news that can influence Infosys's trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the Infosys Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 08:45:18 AM IST, 04 Jun 2025 Show more
The Hindu
a day ago
- The Hindu
Multiple colliding market trends made Infosys reexamine business fundamentals: Nandan Nilekani
Multiple trends were colliding, in the global markets, and that led Infosys to reexamine the fundamentals of its businesses, said Nandan M. Nilekani, Chairman, Infosys. 'As we contemplate the developments of the last few months, we know we are in an era of uncertainty that we have never seen before. Multiple trends are colliding and leading us to reexamine the fundamentals of our businesses,' he wrote to shareholders in the company's annual report FY'25. He said, 'As geopolitics becomes front and centre in our lives, we are having to take cognizance of the world not as one single global market but as fragmented blocs and countries. This means making strategic choices and even navigating between these blocs.' According to Mr. Nilekani, COVID brought into focus the critical and pressing need to de-risk the supply chain and build viable alternatives. 'It was no longer enough to deliver just-in-time; we had to also factor in for just-in-case,' he told shareholders. He further said, now tariffs were further driving home the point that the company has to diversify its sourcing. 'Tariffs will be differentiated across products and countries and will likely keep changing. Bilateral and regional rules of trade will dominate. Supply chains will continue to shift as tariffs become another form of arbitrage,' he pointed out. Uncertainty with AI On AI, he wrote, its advent with all its possibilities and potential created another arc of uncertainty. As enterprises looked at applying AI to every aspect of the business, some long standing challenges would become imperative and self-evident to firms. For example, the need to modernise legacy systems, and the need to create data architecture so that all the firm's data would become consumable by AI, in a holistic manner, could no longer be put off, he elaborated. 'Firms will need to have an AI foundry for rapid innovation and an AI factory to scale successful innovations across the enterprise. While embracing AI will bring a goldmine of opportunities, it will not be entirely without some foreseeable risks,' he further wrote. Mr. Nilekani also stated that regulatory variances across regions would need to be incorporated into one's strategy. 'The early learnings from enterprise AI adoption gives us a glimpse of these potential challenges that lie on the path ahead,' he said. Moving on changes in Earth's climate system, he cautioned, climatic change and the associated energy transition added to the crucible of uncertainties. So much of the future depended on innovation and the form of energy that would fuel us forward – solar, wind, batteries, pumped hydro, green hydrogen, nuclear, carbon capture and storage, etc, he added. 'Global climate deals will set the pace of change. The only thing certain is that electricity will play a much bigger role in the days ahead. And the pace of its rollout will be contingent on building new transmission lines, setting up charging stations, and acquiring more transformers.' However, he added, this transformation would naturally be constrained by regulatory cholesterol. The price of various commodities will rise, and fall based on the speed of transition. And many assets could well be stranded. There was not a sector that remained unscathed as rapid business and technological disruption forced businesses to adapt and advance, he said, adding every business vertical was facing challenges of various kinds. Car makers were dealing with the transition from ICE engines to batteries. Pharma companies were looking at accelerating the pace of drug discovery with AI. Logistics companies were dealing with the complete reordering of global supply chains. Financial service companies were considering the tokenization of their assets. Energy companies were assessing the long-term demand for their products. Utilities were facing a distributed future. Manufacturing companies are navigating the advent of robots and 3D printing. Service companies were dealing with AI agents performing their tasks, Mr. Nilekani wrote.
