Only 400 people asked to leave, will hire 20,000 this year: Infosys

Infosys COO UB Pravin Rao said reports of large-scale job losses is highly overstated and the company plans to hire 20,000 people this year.

Rao said Infosys is creating more jobs and the technology-driven transformation presents new opportunities for companies like Infosys.

"With respect to all the talks of layoffs, it's regular performance based things that we do every year. The number is really 300-400, which is consistent with what we have seen every year," said Rao.

He declined however to comment on views of Infosys co- founder NR Narayana Murthy that jobs can be protected if the senior executives of companies take salary cuts and invest in employee re-skilling.

Meanwhile, various employee unions have approached labour commissioners and state governments to intervene in the matter.

"I think all the news about job losses are overstated. Infosys itself last year recruited over 20,000 people and this year again, we are likely to repeat similar numbers," Rao said.