Infosys condemns whistleblower accusations. Clarified news of layoffs.
Blasphemy!: In the wake of the recent accusations against the CEO and CFO of the company, Indian IT giant Infosys, in a statement to the exchanges has condemned the allegations made by some whistleblowers. "Infosys has strong processes, even God can't change the numbers of the company", said Chairman Nandan Nilekani.
The company also said that it has appointed an external law firm to conduct an independent investigation into the allegations and "will share the outcome of the investigation at the relevant time with all stakeholders. ToI
Bogus!: Following reports by news daily that the company is laying off around 10% (c. 2,200 people) of the workforce in the mid and senior rung, Infosys clarified that the process was performance-linked. "This is not laying off, if you don't perform for two years or two quarters or whatever then you are asked to go, it's a performance related thing", clarified the IT giant. Livemint
(Don't want to miss out on these End Of Day Wrap Ups? Subscribe Now to our WhatsApp Feed and get the day's Top Business stories straight on your favourite messaging app.)