Infosys delays 17,000 campus recruitment offers

Infosys delays 17,000 campus recruitment offersBangalore: With a challenging environment, and low visibility into client spend, Infosys has said that it will be deferring joining dates, and the management is also putting some cost saving measures in place, reports Shreya Roy of CNBC-TV18.
Infy had decided that with its current business needs in mind it will defer its campus recruitment process. The company had initially made 27,000 campus offers, but now the company says that 17,000 of these will be deferred by up to three months.
However, the firm has reiterated that it plans to honour each of these offers in due course of time. In fact the company which prided itself on a six-month long extensive training programme for fresh intakes has also decided to cut the period short by two months, four months of this training programme will be conducted at its sprawling Mysore campus, while two months will be an online programme.
With a challenging environment, and low visibility into client spend, Infy said it will delay its campus recruitment.
The company is also taking a few more cost-cutting measures, such as the senior management has decided to forgo privilege travel. Until recently, Infosys has also deferred increments for its employees, but last quarter it had eventually gave its employees a hike of six percent.
Rajiv Bansal, CFO, Infosys Bangalore, says that it is going to be challenging, but a very exciting role. The company is going through some tough times. The first important thing will be to reassure all the stakeholders whether it is investors, customers or employees that Infosys is a great company has a right strategy. We are all working on the new strategy Infosys 3.0, which will change the business model of Infosys.

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10th 3i InfoTech Academic Books Accenture ACIO ActiveX ADT Agricultural AIEEE Air Force Algebraic Amdocs Android Answers Application Development Aptitude Aptitude Questions Architectures ASP ATOS B.Sc B.Tech.B.E. Bank Exam BCA BE Board Exam Books break-continue Business Plan C C Programming C# C++ Campus campus interview Candidate profile Capgemini Career CDS Certification CET Challenge Circle Cisco class code Cognizant communication Company Company Profile Competitive Exams computer Computer Networks concentric circles constructor Course Credit Suisse CSS CTS Data Structure DBMS DC Deloitte difficult interview questions dimensions Distributed Computing do while dotNet Download ds Dynamic Web Development e-Admit card Educational engineering entertainment Even Odd Events exam schedule exception for loop fresher GATE general Discussion general knowledge Get Placed Government Job Hall Ticket HCL how to answer How to Prepare HR HR Interview HSC hypertext preprocessor IB IBM IBPS IIT Indian Army Information infosys Intelligence Bureau Internship interview Experience interview questions Interview Tips IntroC IntroC# IntroJava IntroPHP IT J2EE J2ME Java JavaScript jobs Language Books Language Tutorial Languages limit number of objectsJava Limit the number of objects being created in JAVA Linux Linux Administrator Linux Developer Logical Questions loops M Tech M.E. M.Tech M.Tech AND B.Tech Management Management Skills Matrices MBA mca ME microsoft mistakes Mixture Mobile Computing mock questions mock test MySql naukri NDA OOP opening Operating System Oracle paper Persistent PHP php programming php string variables PL/SQL Placement placement guide Placement Paper Placement Process preparing for placement presentation probability Problems Professional program Programming Project Engineer project idea Projects Puzzle qualities Question of the day Questions Quiz Question Recruitment Recruitment Pattern Requirement Result Resume Reviews Screen Sizes Scripting Session Skills Software Software Engineering solved papers Source Code Speed time and distance SQL SSC story Stress Interview Study Material study tips submit resume Synonym TCS Tech Mahindra tech news Technical Books Technical Interview Testing thank you letter Thought Time Table TutC++ Unix questions asked in aptitude and inteviews for MCA UPSC verbal Web Designing Web Developer Website Development What to read while loop Wipro Writing Resume