Gopalakrishnan-led Infosys to fire up to 5,000 workers, despite positive bytes: report
Reuters: Mumbai, Jan 04 2013, 13:24 IST
India's Infosys is planning to lay off up to 5,000 employees as the software services provider looks to cut costs and boost sales, a report indicated on Friday.
The report came as Infosys Ltd executive co-chairman S. Gopalakrishnan was quoted by other reports as saying 2013 will be better than last year for India's IT industry.
Gopalakrishnan was quoted as saying brighter prospects for the United States and China would help the IT sector, as he addressed an event for the Infosys Science Foundation on Thursday.
Infosys, which is also listed in the United States, added the number of potential under-performers that could leave the company was "significantly lower" than the 5,000 quoted in the report.
Infosys shares were up 0.5 percent, in line with the 0.6 percent gain in the IT sub-index.
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