Log has written
TUESDAY, FEBRUARY 14, 2012

Bangalore: 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 city-headquartered Nasdaq-listed company, told PTI today.

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 the annual routine, which usually formed 5% 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 1,05,000, including trainees.

Tags - Find More Articles On:
READ MORE ARTICLES BY:
blog comments powered by Disqus
Tata Motors Q3 net up 41% on strong JLR sales
Net profit Rs3,406 crore vs market forecast Rs2,613 crore; revenue rises 44% to Rs45,260 crore; shares...
Views | Recession signals on the high seas?
The crash in shipping rates is no longer a good indicator of an incipient downturn
Views | India’s fiscal headache
India cannot bank infinitely upon growth for fiscal deliverance
Views | The sticky tape of social engineering
Caste politics has become even more important in recent decades, especially after the collapse of mass...
Moody’s warns may cut AAA-rating for UK and France
Germany, EFSF triple-A rating unchanged; UK top-tier rating at risk by a major agency for first time;...