There were reports that Infosys had laid off 500 people in the aftermath of losing its multi-million pound deal with the Royal Bank of Scotland. She added that the number of 500 people being laid off is “incorrect and the number is far below”. There were reports that Infosys had laid off 500 people in the aftermath of losing its multi-million pound deal with the Royal Bank of Scotland. At the end of first quarter of FY2017, Infosys had 1.97 lakh employees with an attrition rate of 21% during April-June, 2016. Infosys said it offers counselling to employees not meeting the expected standards of performance.

Source: Mint August 22, 2016 13:52 UTC