Murthy asks senior execs to take pay cuts to stop IT layoffs
IT companies can protect jobs if senior executives take pay cuts, Infosys Co-founder Narayana Murthy has said. "There are a lot of smart leaders in the industry...I have no doubt...that they are all well-intentioned people," he stated. Murthy added this isn't the first time that industry has faced the layoff problem, and hence there's no need to become "extremely anxious". 