News »Browse Articles »
Infosys fires 2,100 for poor performance
0
Infosys fires 2,100 for poor performance
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.
Source:
http://siliconindia.com/shownews/Infosys_fires_2100_for_poor_performance-nid-551
"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.
Source:
http://siliconindia.com/shownews/Infosys_fires_2100_for_poor_performance-nid-551
