2,100 Infosys employees face axe | business | Hindustan Times
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2,100 Infosys employees face axe

business Updated: Apr 11, 2009 16:53 IST

With companies keen on maximum utilisation of employees and low tolerance to poor performance in the current global economic turmoil, nearly 2,100 employees in software major Infosys have faced the axe.

"Some of these employees have been asked to go while some have left on their own," Balakrishnan, CFO of the city-headquartered, Nasdaq-listed company, told PTI 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 CEO Kris Gopalakrishnan.

Usually, the employees who showed poor performance were given some more time to improve themselves, but this time there had been no such consideration, he said.

Both the officials said it was part of the annual routine, which usually formed five per cent but was much lower this time.

Some of the employees had been 'outplaced' Kris said, which refers to the firm hiring the services of placement agencies to help the employees to get placements in other firms.

Infosys has a workforce of 1,05,000, including trainees.