Even people who have not had the misfortune of being caught up in the pink slip-rain are wary of joining IT majors which have seen mass layoffs. A former employee of Infosys posts on the page that despite being offered a lucrative position, on contractual basis and with a 200 per cent hike, the prospect of going back to Infosys is "completely risky" given the recent spate of layoffs. "May be moving out of Infy was the best decision I made in the last few years (sic)," the post says.
The IT sector has been feeling the pinch in recent months. Late in April, Wipro sacked around 500 of its employees as part of its appraisal process.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)