Saturday 19 April 2014
News updated at 12:33 PM IST
Weather
Max: 35.4°C
Min : 22.5°C
In Bangalore
Sunny day

Infosys to fire chronic under-performers

Bangalore, Jan 4, 2012 (IANS)

Indian IT bellwether Infosys Ltd late Friday said it would be asking its chronic under-performers to look out for other jobs but denied reports about lay-offs.

"Like any performance-driven company, we manage underperformance and encourage chronic under-performers to seek other jobs," the global software major said in a statement, denying a report in a section of the media that it was laying-off about 5,000 techies to manage costs.

Clarifying there was no layoff, the company said as performance assessment was done regularly, the number of employees that would be asked to quit would be much less than about 5,000 people the media report quoted.

"For a performance-driven company with over 150,000 employees, this (involuntary attrition) is part of the normal ebb and flow of running a business," the statement added.


Admitting that in crunch times, any company would seriously evaluate employees' performance and assess its impact on the operating cost, a company official said voluntary and involuntary attrition was common in the industry and Infosys was no exception.

Though the company hired 10,420 techies during the second quarter (July-Sept), net addition was 2,610 as 7,810 employees left the company, resulting in 15 percent attrition as against 14.9 percent in previous quarter and 15.6 percent year ago.

Total employees of the company, including its overseas subsidiaries increased to 153,761 by Sept 30 from 151,151 on June 30 and 141,822 a year ago (Sept 30, 2011).

Go to Top

Photo Gallery
Runners, wearing jackets from the 2013 Boston Marathon, add their message to a cloth banner after...

Runners, wearing jackets from the 2013 Boston Marathon, add their message to a cloth banner after...

Yesenia Del Carmen 8, carries a cross reading 'No to the Deportations,' 'as she and her...

Yesenia Del Carmen 8, carries a cross reading 'No to the Deportations,' 'as she and her...

South Sudanese fleeing an attack on the South Sudanese town of Rank, rest during arrival at a...

South Sudanese fleeing an attack on the South Sudanese town of Rank, rest during arrival at a...

A sand sculpture of Simon Zelotes preaching the gospel is seen during Holy Week celebrations in...

A sand sculpture of Simon Zelotes preaching the gospel is seen during Holy Week celebrations in...

Rescue workers operate near floats where the capsized passenger ship 'Sewol' sank, during the...

Rescue workers operate near floats where the capsized passenger ship 'Sewol' sank, during the...

Pilgrims light candles held in orange skins on Good Friday in Tanarandy Mission April 18, 2014...

Pilgrims light candles held in orange skins on Good Friday in Tanarandy Mission April 18, 2014...

Leaked oil is seen on the surface of the sea near the site where the capsized passenger ship...

Leaked oil is seen on the surface of the sea near the site where the capsized passenger ship...

Firefighters stand near the remains of beachfront homes which caught fire in Sea Isle City, New...

Firefighters stand near the remains of beachfront homes which caught fire in Sea Isle City, New...

In this Saturday, Feb. 15, 2014, file photo, Miss America 2014 Nina Davuluri attends the NCAA...

In this Saturday, Feb. 15, 2014, file photo, Miss America 2014 Nina Davuluri attends the NCAA...

Women adjust their outfits as they prepare to take part in a ritual dance during a Gaga ceremony...

Women adjust their outfits as they prepare to take part in a ritual dance during a Gaga ceremony...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523