2,100 Infosys employees face axe

2,100 Infosys employees face axe
PTI
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First Published: Sat, Apr 11 2009. 01 13 PM IST
Updated: Sat, Apr 11 2009. 01 13 PM IST
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.
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First Published: Sat, Apr 11 2009. 01 13 PM IST
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