The comeback chairman is at it. NR Narayana Murthy has embarked on an aggressive cost cutting drive at Infosys — while ensuring that employee morale stays high as the software giant eyes a rebound after turning industry laggard.
Though employees in leadership positions are jittery about this new initiative, employees below that level are very happy at this new opportunity to grow.
The company had seen a high 16.9% staff attrition in the first quarter, when more than 9,500 people quit.
Industry sources said Infosys has swapped six-month residential classroom training at its showpiece Mysore centre for cheaper online learning.
“We have a combination of online as well as classroom training for our foundation programme,” an Infosys spokesperson said.
To fight attrition at lower levels, the company is taking feedback from employees through a survey named ‘Litmus Test’. Murthy is visiting all Infosys campuses one by one. Besides Bangalore, the company has development centres in Mysore, Bhubaneswar, Chandigarh, Jaipur, Mumbai, Pune, Thiruvananthapuram, Gurgaon and Mangalore.
Infosys relaxed its dress code a month ago. Wearing ties is compulsory only on Mondays now for its army of engineers. It used to be both Mondays and Tuesdays.
Barely a fortnight after his return in June, Murthy had hiked salaries by an average 8%.