Infy delays campus hire joining to July 2012

Infosys has delayed bringing on board some of the 28,000 engineers hired from campuses to as late as July 2013,a visible sign of the growth engine slowing down at the Bangalorebased software exporter.Engineering graduates who were offered jobs at campus placements in August-September 2011 have started receiving their joining dates,which extend anywhere from September,2012 to July,2013.Based on business imperatives and manpower requirements,we expect our on-boarding of fresh hires to be completed by first quarter of fiscal 2014 (which ends in June,13), Infosys said in an emailed reply.For a company struggling to match industry growth rates,this move may erode its perception on campuses besides increasing investor scrutiny,especially when it is pursuing a changed strategic direction with higher focus on software products and business platforms.

Read More http://economictimes.indiatimes.com/news/news-by-industry/jobs/infosys-delays-joining-dates-for-engineers-hired-from-campuses-as-slowdown-bites/articleshow/14218262.cms?curpg=2

 

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