Balgates’s Weblog

I’m Wat I’m!!!

Infosys Layoff – The IT giant Infosys Technologies fires 2100 employees

With companies keen on maximum utilisation of employees and low tolerance to poor performance in the backdrop of global economic turmoil, nearly 2,100 employees in software firm Infosys have faced the axe.

“Some of these employees have been asked to go while some have left on their own,” V Balakrishnan, CFO of the Bangalore-based company, told PTI on April 11, 2009.

Prior to asking the employees to leave, they were put on a performance improvement course and those who showed no improvement were asked to leave while some others quit, he said.

“Tolerance to poor performance is very low given the current economic scenario,” said Infosys CEO Kris Gopalakrishnan.

Usually, the employees who showed poor performance were given some more time to improve themselves, but this time there had been no such consideration, he said.

Both the officials said the sacking was part of annual routine, which usually formed five per cent of the total number of employees but this time it was much lower.

Some of the employees had been “outplaced”, Kris said, which refers to the firm hiring the services of placement agencies to help the employees to get placements in other firms. Infosys has a workforce of 105,000, including trainees.

Advertisements

April 13, 2009 - Posted by | General, India Related, IT, Software, Technology, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

1 Comment »

  1. Hi, nice post. I have been pondering this topic,so thanks for posting. I’ll likely be subscribing to your posts. Keep up great writing

    Comment by I Shed T h i r t y P o u n d s in Only a Month | May 7, 2009 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: