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Infosys fires 2,100 for poor performance

Wednesday, April 15, 2009, Siliconindia News Bureau

Bangalore: Due to the poor performance, Infosys Technologies has given pink slips to 2,100 of its employees across the country, after an annual performance appraisal exercise concluded mid-March, reported The Times of India.

"The tolerance for non-performance has come down to zero," said TV Mohandas Pai, Head of the company's HR. "The appraisal was conducted for 60,000 of our employees. At the bottom, some 3.5 percent of the people were either out-placed or left the company. It is an annual scenario after every performance assessment. In fact, normally the bottom size is 5 percent," he added. Trainees were not part of this exercise. Outplacement means off-loading excess/unwanted staff to another employer.

Infosys currently has an employee base of 1,05,000 which includes 45,000 trainees. During quarter ending December 31, the company had a total headcount of 1,03,078. Infosys had said a quarter ago that it would hire 26,000 people during fiscal 2008-09, more than what it had projected in the beginning of the year. During the third quarter, the company made a gross addition of 5,997 with the net intake being 2,772.

Infosys has made offers to around 20,000 engineering graduates for the current year. Infosys' earnings for 2008-09 will be out on April 15.

Meanwhile Eureka Bharali adds

Over 1500 Infy resumes hit job-market in 2 months

The slowdown has proved to be a hard ground for the survival of the employees in Infosys, who have resorted to consultancies to seek new jobs. More than 1500 employees of Infosys have filed their resumes on various placement firms, in the last two months.

 "Around 1300 resumes have been posted by Infosys employees, of which many of them are in the level of project managers," said Kris Lakshmikanth, Founder CEO and Managing Director, Head Hunters. HRM Consultants, a consultancy firm have received around 60 resumes. "During the last few years, resumes from Infosys were very rare, but this year we have received quite a few," said G.S.Lakshmiprasad of HRM Consultants. There are other placement centers like HROne, Magnum Consultants and CR Executive Search, which saw many Infosys employees posting their resumes.

Adding on to the insecurity, Infosys has laid off around 2100 people owing to non-performance. Commenting on the sudden layoff, Ruchi Gopal of Magnum Consultants said, "Companies will see their balance sheet, so, handing pink slips to the employees is fair, if they were given proper notice period prior to the layoff." However, the layoff happened without any prior notice to the employees. According to an employee who has been fired, they were called for a meeting with HR managers, and were immediately given two options either to resign voluntarily or get terminated. "The company is especially, getting rid of the project managers. If a project manager had been handling 25 people, now he will have to manage 50 people as they are reducing the bulk," said Lakshmikanth.

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