Wednesday, November 19, 2014

Infosys likely to lay off six more employees after firing CFO for code of conduct breach


 
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Infosys likely to lay off six more employees after firing CFO for code of conduct breach


New Delhi: More heads will roll at Indian IT bellwether Infosys Ltd following the sacking of finance chief of the company's business process outsourcing.

Infosys had on Wednesday fired its BPO unit CFO Abraham Mathews for not complying with the company`s code of conduct.

A financial daily on Thursday reported that Infosys will sack six more employees to underscore company's zero tolerance towards financial misconduct.

Reportedly, the case involves financial irregularities and overbilling pertaining to one of company's top clients, Apple. The paper, quoting sources said that the six staffs will be laid off after internal investigations are completed.

Infosys, in a stock market filing, had also said the unit`s chief executive, Gautam Thakkar, had resigned on "moral grounds" and would leave the company on Nov 30.

Infosys named Anup Uppadhayay and Deepak Bhalla, both company veterans, as the unit`s chief executive and chief financial officer respectively.


With Agency Inputs
sumit kumar singh
pgdm 2 year
co
comment- A financial daily on Thursday reported that Infosys will sack six more employees to underscore company's zero tolerance towards financial misconduct.

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