New Delhi: Infosys Technologies, India’s second largest software exporter is believed to have slashed its on-site employees in the US, according to sources.
In response to a query on this, the company spokesperson said, “We undergo an organization restructuring at periodic intervals, during which a very small number of roles may get redundant due to merger/consolidation at the business unit level. This is a normal process”.
The Nasdaq-listed company, which is putting a brave front in the face of slowdown, has also put its low ranking workforce under scanner while trying to reduce the bench employee numbers.
The spokesperson said Infosys follows a ‘limited tolerance’ policy for non-performers.
“We have a performance management system in which people are categorized into various groups based on their performance. We have a personal development plan to improve their performance.
If they don’t improve even after them being part of the plan, we let them go,” he stated.
However, the company did not give any figure on the people who have so far been asked to quit or those who have voluntarily gone under this category.
The bellwether IT firm is also on track to hire 25,000 people in current fiscal, in fact it could cross that figure as the long term prospect of the company improves.
“Though we said in the beginning of this fiscal that we would hire about 25,000 people, in our estimate our hiring will go up to 27,000 by 31 March 2009,” Infosys head of HRD, Education and Research TV Mohandas Pai had said earlier during the announcement of the third quarter results.