- Infosys plans to issue performance bonuses to eligible employees for the July-September quarter, starting this month, with an anticipated 80 percent payout, as per The Economic Times.
- Eligibility for this bonus spans employees above entry levels up to managerial positions, with individual payouts contingent on performance and contributions during the quarter.
- The budget for performance bonuses will be allocated by unit delivery managers to their respective units within the company this week.
- Infosys experienced a notable reduction of 7,530 employees in the second quarter, marking the company’s most significant quarterly decrease in headcount.
- Despite ongoing recruitment efforts, freshers who received offer letters from Infosys are still awaiting onboarding. The company has currently decided to forgo campus recruitment activities.