Job losses increase rapidly during Modi's regime: 11,000 fired by Infosys

[Proud Antinational Hero]

Infosys admits of releasing 11,000 jobs due to automation

BI INDIA BUREAU

JUN 24, 2017, 05.18 PM

In its recently held 36th annual general meeting in Bangalore, Infosys has made it clear that that more than 11,000 jobs have been released due to automation. Revenue per full-time employee (FTE) increased by 1.2 per cent as a result of automation, utilisation and productivity improvements, the company said. Having said that the company blamed the media for creating unnecessary hype over the matter.

At the meeting, the talk of the compensation gap between the top management and employees was brought up. The company spokesperson admitted of his awareness about the gap and assured of restructured compensation to stock-based rewards.

Acording to Economic Times report, the IT major said it was sitting on Rs 12,222 crore in cash and cash equivalent as of March 31, 2017. This was against Rs 24,276 crore of cash it was sitting on at the end fo FY16. Deposits with institutions stood at Rs 6,931 crore as of March 31, compared with Rs 4,900 crore in the year-ago period.

http://www.businessinsider.in/Infos...bs-due-to-automation/articleshow/59299393.cms

 

[Proud Antinational Hero]

Modi regime continues to be a disaster on all fronts. Even all talk of 'jobless growth' has disappeared now. It's only massive job losses in all sectors.

This is what one gets when a bunch of lying, incompetent, hate filled, murderous thugs like Modi and his illiterate sanghie chaddies goons run a country. India is steadily becoming a disaster story under the rogue Modi regime.

 

[ashok321]

Infy releases 11k employees due to automation: Takeaways from AGM

 

[Hulk]

Infosys admits of releasing 11,000 jobs due to automation

BI INDIA BUREAU

JUN 24, 2017, 05.18 PM

In its recently held 36th annual general meeting in Bangalore, Infosys has made it clear that that more than 11,000 jobs have been released due to automation. Revenue per full-time employee (FTE) increased by 1.2 per cent as a result of automation, utilisation and productivity improvements, the company said. Having said that the company blamed the media for creating unnecessary hype over the matter.

At the meeting, the talk of the compensation gap between the top management and employees was brought up. The company spokesperson admitted of his awareness about the gap and assured of restructured compensation to stock-based rewards.

Acording to Economic Times report, the IT major said it was sitting on Rs 12,222 crore in cash and cash equivalent as of March 31, 2017. This was against Rs 24,276 crore of cash it was sitting on at the end fo FY16. Deposits with institutions stood at Rs 6,931 crore as of March 31, compared with Rs 4,900 crore in the year-ago period.

http://www.businessinsider.in/Infos...bs-due-to-automation/articleshow/59299393.cms

Do you an iota of idea what drives this job losses. Neither adding of jobs nor firing have any relationship to govt. if more jobs were created in past it was because the work came form US, the companies had work and work was growing at a decent rate every year. Every industry stagnents on growth at Some pont of time and IT time has come. It's mere coincidence.

FYI. I work in IT have 20 plus years of exp and has insights to decisions on where future is heading.

 

[EndangeredSpecies]

Modi regime continues to be a disaster on all fronts. Even all talk of 'jobless growth' has disappeared now. It's only massive job losses in all sectors.

This is what one gets when a bunch of lying, incompetent, hate filled, murderous thugs like Modi and his illiterate sanghie chaddies goons run a country. India is steadily becoming a disaster story under the rogue Modi regime.

What kind of a moron you are. Now how is Modi responsible for this? These people do not work for Indian Government. They own their own employability -- no one does it for them. Next time you will harp when someone forgets to change his underwear and you will blame modi for that. What a pathetic excuse for life.

 

[bhimram]

Won't make a difference to BJP.

Little lesson here buddy.
BJP Presidential candidate Ram Nath is a non-Jatav Dalit - same as me.
Cong Presidential candidate Meira is a Jatav Dalit.

If you can not understand the significant of this difference, you will never understand why opposition has already lost 2019 election

 

[GauMataSlaughterHouse]

Won't make a difference to BJP.

Little lesson here buddy.
BJP Presidential candidate Ram Nath is a non-Jatav Dalit - same as me.
Cong Presidential candidate Meira is a Jatav Dalit.

If you can not understand the significant of this difference, you will never understand why opposition has already lost 2019 election

the only thing you should be worried about is your brahmin master contaminating your well with kerosene

Infosys admits of releasing 11,000 jobs due to automation

BI INDIA BUREAU

JUN 24, 2017, 05.18 PM

In its recently held 36th annual general meeting in Bangalore, Infosys has made it clear that that more than 11,000 jobs have been released due to automation. Revenue per full-time employee (FTE) increased by 1.2 per cent as a result of automation, utilisation and productivity improvements, the company said. Having said that the company blamed the media for creating unnecessary hype over the matter.

At the meeting, the talk of the compensation gap between the top management and employees was brought up. The company spokesperson admitted of his awareness about the gap and assured of restructured compensation to stock-based rewards.

Acording to Economic Times report, the IT major said it was sitting on Rs 12,222 crore in cash and cash equivalent as of March 31, 2017. This was against Rs 24,276 crore of cash it was sitting on at the end fo FY16. Deposits with institutions stood at Rs 6,931 crore as of March 31, compared with Rs 4,900 crore in the year-ago period.

http://www.businessinsider.in/Infos...bs-due-to-automation/articleshow/59299393.cms

luckily there are enough gau matas around so jobless hindus can survive on gau muth

 

[bhimram]

luckily there are enough gau matas around so jobless hindus can survive on gau muth

And your Jihadi masters seems to have taught you very well how to hate Hindus.
Wonder what you will say about your Jihadi master's 'daddy country' people drinking human urine?

 

[GauMataSlaughterHouse]

And your Jihadi masters seems to have taught you very well how to hate Hindus.
Wonder what you will say about your Jihadi master's 'daddy country' people drinking human urine?

dear brother, nothing I have said is hateful towards hindus, infact, what I stated about you people is pure fact.

your "religion" specifically says that gau muth is pavitar

I'm sure you use baba ramdev's products which have gau muth if brahmins allow you to use it

 

[wiseone2]

Modi regime continues to be a disaster on all fronts. Even all talk of 'jobless growth' has disappeared now. It's only massive job losses in all sectors.

This is what one gets when a bunch of lying, incompetent, hate filled, murderous thugs like Modi and his illiterate sanghie chaddies goons run a country. India is steadily becoming a disaster story under the rogue Modi regime.

What is Modi supposed to do with those job losses ?

 

[jetray]

Do you an iota of idea what drives this job losses. Neither adding of jobs nor firing have any relationship to govt. if more jobs were created in past it was because the work came form US, the companies had work and work was growing at a decent rate every year. Every industry stagnents on growth at Some pont of time and IT time has come. It's mere coincidence.

FYI. I work in IT have 20 plus years of exp and has insights to decisions on where future is heading.

Morons have no idea that attrition rate itself is in 14-15%, with a headcount of 200k it is still less than the attrition rate.