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Hired youth by cutting executives' pay amid dot-com crisis: Murthy
short by Debaroti Adhikary / on Tuesday, 21 May, 2024
Infosys Founder Narayana Murthy in an interview spoke about how the company honoured 1,500 job offers made to young graduates during dot-com crisis in 2001. "We said top people...will take highest cut in salaries...but we will make sure those people are absorbed," he said. Dot-com crisis led to fall in stocks of tech firms, leading to losses and layoffs globally.
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