Infosys to Cut Multiple Senior Roles
Infosys to Cut Multiple Senior Roles, majorly in the workforce at senior levels of job level (JL) 7 and above as well as those in the ranks of delivery managers, AVPs, VPs and SVPs in a staggered manner. Infosys is restructuring the company’s higher rungs in order to ensure faster decision making and flatten the organization.
The company has around 13,000 employees at JL7 and above. The plan is to reduce 10-15 per cent of this workforce in a staggered manner, which would impact around 1,300 executives. It is being done at the instruction of CEO Salil Parekh as the company plans to break the five-tiered structure into two. Reducing the levels would ensure that there is greater responsibility and accountability on senior executives who are people managers. This restructuring would impact sales, delivery, BPO, and support services said the company.
As the company expected the restructuring would reduce cost significantly, as the salaries for managers are in the range of Rs 35-40 lakh. VPs and SVPs receive higher remuneration.