Infosys is no more exception in recession, 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, said on Saturday.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.
Infosys has a workforce of 1,05,000, including trainees.
Source: Times of India & DD News
Infosys has a workforce of 1,05,000, including trainees.
Source: Times of India & DD News
Hi, is this news is true.... i have heard same news in TOI also. i have to join Infosys in July 2009
ReplyDeleteTill now not sure....but may reduce some headcount.
ReplyDelete