Press Esc to close
Friday 19 December 2014
News updated at 8:24 AM IST
Weather
Max: 24°C
Min : 18.2°C
In Bengaluru
Generally cloudy

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
Children during a Christmas celebration at National Centre for Performing Arts ...

Children during a Christmas celebration at National Centre for Performing Arts ...

Hero Action Team during a cycling expedition at Kufri...

Hero Action Team during a cycling expedition at Kufri...

People warm themselves next to a fire on a winter morning...

People warm themselves next to a fire on a winter morning...

Indian Space Research Organisationís GSLV-Mark III rocket...

Indian Space Research Organisationís GSLV-Mark III rocket...

Micromax co-founder and YU founder Rahul Sharma at the launch of Cyanogen...

Micromax co-founder and YU founder Rahul Sharma at the launch of Cyanogen...

School students hold placards during a rally to protest against the Pakistan terror...

School students hold placards during a rally to protest against the Pakistan terror...

Boxer Vijender Singh and actress Esha Deol during a promotional...

Boxer Vijender Singh and actress Esha Deol during a promotional...

Cakes exhibit at Hotel Oberoi for coming Christmas...

Cakes exhibit at Hotel Oberoi for coming Christmas...

School children in Ahmedabad praay as they pay tributes...

School children in Ahmedabad praay as they pay tributes...

School children of Gurgaon pay tributes to the children killed in Pakistan...

School children of Gurgaon pay tributes to the children killed in Pakistan...

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