The article reports that Infosys, a leading IT company founded by Narayana Murthy, has laid off 7000 employees. However, it appears that the layoff is not due to any internal issues within the company, but rather a result of the changing landscape of the IT industry.
Infosys has taken this drastic step as part of its effort to adapt to the rapidly evolving IT landscape, which is increasingly dominated by automation and artificial intelligence. The company has announced that it will be letting go of around 7000 employees as it aims to reduce its dependence on lower-end IT jobs and instead focus on more specialized and high-value services.
This move is seen as a strategic decision by the company to stay ahead in the competitive IT industry, where automation and AI are becoming increasingly prevalent. By reducing its workforce in lower-end jobs, Infosys hopes to free up resources to invest in more advanced technologies and services, such as digital transformation, cloud computing, and data analytics.
The layoffs are likely to affect employees in the company’s BPO (Business Process Outsourcing) and IT services divisions, where tasks are often repetitive and can be easily automated. However, the company has assured that it will be providing support and training to the affected employees to help them transition to new roles within the company or outside.
While the news may come as a shock to the employees who will be affected, it is seen as a necessary step for the company to remain competitive in the long run. Infosys has stated that it will continue to hire new talent in areas such as AI, machine learning, and data science, and will also be investing in upskilling and reskilling its existing workforce to prepare them for the changing job market.
The layoffs at Infosys are a reflection of the broader trends in the IT industry, where companies are increasingly looking to automation and AI to improve efficiency and reduce costs. As the industry continues to evolve, it is likely that other companies will also be forced to undergo similar transformations, leading to significant changes in the job market.