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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.

April 13, 2009 Posted by | General, India Related, IT, Software, Technology, World News | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Tendulkar ton, poor fielding deny Aussies the edge

There couldn’t have been more perfect a beginning to international cricket at the VCA Jamtha Stadium here. Sourav Ganguly’s farewell and VVS Laxman’s 100th Test had already built up the stakes, before Sachin Tendulkar made it consummate with a magnificent 40th Test hundred.

India closed the opening day of the fourth and final Test against Australia on 311-5 with the retiring Sourav Ganguly batting on 27 and captain MS Dhoni four not out, after Dhoni’s decision to bat first on a batting paradise nearly backfired. But Laxman’s calm 64 and Tendulkar’s classy 109 steadied India with their 146-run fifth wicket stand before both fell in the final session of play.

A freak two-wicket burst from debutant Jason Krejza before lunch after being hammered around the park was not enough to slow down Tendulkar, whose latest milestone became his 10th century against the Australians.

The Australians have a reputation of giving it back to their opponents on the field. Michael Clarke was helped on to his century in the previous Test in Delhi by three dropped chances. Australia returned the favour to Tendulkar through Mitchell Johnson and Brett Lee, who grassed sitters when the batsman was on 85 and 96 respectively.

Australia seemed to have lost the initiative as getting rid of Tendulkar on the back of Laxman’s wicket would have put on added pressure. However, Johnson’s strike towards the end of day’s play still keeps the game intriguingly poised.

It could have been worse for the Australians had a belligerent Virender Sehwag not thrown away his wicket for 66. The opener tore into Lee and Johnson, who went for five runs an over in their respective opening spells, which also gave a significant boost to debutant Murali Vijay at the other end.

November 6, 2008 Posted by | Cricket, General, Sports | , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment