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Man who urged people to go out, sneeze and spread coronavirus sacked from work, arrested

An Infosys employee in Bengaluru has been arrested by the City Crime Branch (CCB) for a shocking social media post urging people to “go out and sneeze” and spread the highly contagious COVID-19 virus. “Let’s join hands, go out and sneeze with open mouth in public. Spread the virus,” Mujeeb Mohammed, a resident of the […]

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Business

19,000 employees could be fired from Infosys and Cognizant

Indian MNC Infosys and US-based Cognizant are laying off ¬†thousands of people in mid-senior level positions, ¬†in a bid to cut down and restructure their organisations. Infosys would lay off as many as 12,000 people while Cognizant is removing 7,000 from jobs over the next few quarters. The Economic Times reported Infosys will remove 10 […]

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Business

Infosys investigation prima facie finds no proof on whistleblower complaints

Indian multinational corporation Infosys, found no evidence to support the allegations in a whistleblower letter from last month, sending shares up as much as 6.5 per cent in morning trade. The letter claimed to have been written by employees of the company in October, said Chief Executive Salil Parekh instigated them and others to bypass […]

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Business

Infosys shares tank 16.2% after whistleblower letter accuses firm of “unethical” practices to boost profits

The shares of one of India’s most successful companies fell 16.2% on the National Stock Exchange on Tuesday after the news of a whistleblower complaint that alleged aggressive accounting practices and attempts to blindside the board. In a filing with the Infosys board and the U.S. Securities and Exchange Commission, the whistle-blower alleged that the […]