Capgemini vs Infosys: Who is Your Best Bet Amid Ongoing Layoff Trend?

It's Capgemini vs Infosys during the ongoing trend of sudden layoffs in the major firm

Amid the layoff chaos in the major companies, it is Capgemini vs Infosys in India for techies to choose from as both firms are on a hiring spree with the best packages offered to the techies. It's like the light in the darkness for Indian techies amidst major tech layoffs.

Infosys, the July-September quarter's variable pay percentage was quite lower than the 70% variable pay average it had given to the employees in the April-June quarter. Capgemini, a French multinational provider of IT consulting and services, is searching for tech professionals in India. The organization is accepting applications for the positions, which are available all over India. The firm is also offering work-from-home opportunities for various job roles. Capgemini hiring Indian techies includes freshers and lateral hires. Capgemini has boarded 35k people in India in the past 12 months. Thus, making the employee base here 1,85,000 people which is 50%.

It can best be said that this is the highest net addition in the past three years. In the past two years, Capgemini has added 50k people in India. Overall Capgemini has 358,400 employees globally, and India has 50% of the total workforce.

Employees at Infosys will receive 65% of variable compensation for the quarter of July-September. All qualified employees will get variable compensation in the November pay cycle, according to internal mail sent to the workforce.

The email also said that for Q2, the typical payment in an organization was 65%. Since they are dependent on each individual's performance and contribution for the quarter, individual payment percentages may vary.

The paycheck will be completed together with the second biweekly November payroll for workers who are based in the US and Canada.

The average variable pay percentage for the employees during the July-September quarter was far lower than the 70% average that it had provided during the April-June quarter.

When questioned why the percentage is so low, Infosys said that the Indian IT sector is dealing with a demanding climate that is unpredictable owing to an impending recession in the core market, as well as margin pressure brought on by problems with high staff attrition.

Information technology and consulting firm Capgemini SE. Its headquarters are in France's Paris. The company touts itself as a global leader in working with companies to use technology to alter and manage their operations. With more than 3.4 lakh employees, Capgemini is present in more than 50 nations worldwide. According to the business, 200 of the largest publicly traded firms on the Forbes Global 2000 list make up 85% of its clientele.

Capgemini, a software business, has issued an open call for applications from qualified individuals to fill the open positions. Interested candidates may apply online at the corporate website. More than 600 positions in the Contact Support Group are open.

Aiman Ezzat, the CEO of Capgemini, indicated that he foresees a tighter liquidity situation connected to increased interest rates during the most recent results call.

We will recruit fewer workers overall, and that is expected. Based on the resignation in Q3, there will be considerably less attrition in India in Q4. We don't require as many new hires. Ezzat was cited in the newspaper as stating during the investor call, "We don't need to overhire and start looking at operational efficiency and utilization and it's a chance to tighten operationally.

Freshers who received job offers from Capgemini have been complaining online that they haven't started working yet and that the corporation isn't being clear about this. Many large IT companies have deferred onboarding.

"We will be honoring all of the letters of intent provided to candidates," stated Capgemini India. Our onboarding procedure is designed to meet client needs and is spread out over time to account for project timetables while also giving new hires access to the appropriate training. Throughout this time, our hiring and training teams communicate with the chosen candidates frequently to make sure they have updated their fundamental skills and are prepared to handle the onboarding process.

The recruiting process in the Indian IT industry has slowed down by 18% in October compared to last year, according to the most recent Naukri JobSpeak index. Nearly 28,836 employees were employed by IT behemoths like Tata Consultancy Services (TCS), Infosys, Wipro, and HCL collectively in the third quarter of this year, which is less than half the 53,964 employees they hired during the same period last year. In the September quarter, Capgemini hired 6,300 individuals, down from 11,400 in the prior quarter.