Infosys layoff : 4,500 employees?

It's misinformation Biggie, Satyam laid of 4500 employees, and that due too the recent financial giants Lehman Brothers and Merill Lynch crumbling down.

Is it? My friend's roomie got fired along with lots of other employees. Anyone from Infosys can confirm the news, please?

Check this link, its a misinformation.

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kedarjkCheck this link, its a misinformation.

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Article Date, sire! 😉 - Thursday, 21 February , 2008, 10:25

That's an old news!

Oops sorry, i missed that.

Infy information is I think wrong. They might have fired few employees. but 4500 is a big figure. Moreover they were not involved with either Merrill Lynch or Lehman Brothers. And Satyam has not yet laid off, but they are going to do it in phases.

No,Infosys is not layying off !am sure

They are offering pay-cuts and paid leaves [half salary] options.

Sad but true..

Ok... i will tell what i heard in management circles in infy.
The new policy here is that CRR 4 (lowest performance) rating will be given compulsorily to under performers (min 15%)and rumour is that during June-July 2009, 3000-4000 ppl from this pool will be laid off all over India.
😔

arunhero99Ok... i will tell what i heard in management circles in infy.
The new policy here is that CRR 4 (lowest performance) rating will be given compulsorily to under performers (min 15%)and rumour is that during June-July 2009, 3000-4000 ppl from this pool will be laid off all over India.
😔

Really? That sucks! 😡 Once Infosys does it, others will follow (shamelessly).

arunhero99Ok... i will tell what i heard in management circles in infy.
The new policy here is that CRR 4 (lowest performance) rating will be given compulsorily to under performers (min 15%)and rumour is that during June-July 2009, 3000-4000 ppl from this pool will be laid off all over India.
😔

Man, this is happening everywhere. Can you name a s/w company which is not doing layoffs? I read 2 days back in newspaper Microsoft has decided to do widest layoff by June end..count they have mentioned is 15000. I don't know how much its true, but this 2009 is going to be very bad, I am sure. 😔

I think IT firms which are not depended on banking & finance sector are safe,however infy news quite late,I think accenture havent fired anyone yet...

Not really. Indian IT is mostly services based. There are no new projects and some of the existing projects have been scrapped. Almost all companies are laying off employees.

I see,but cant they utilise services of their employees in some other projects,aint these companies diversify!!!

Infy may hopefully get the projects from Sathyam,once sathyam is completely out of the picture. But now its going to be 53000 employees looking for job once Sathyam goes down. Its a bad time for a scam to surface. Infy has frozen hiring, so have most others.only experinced/skilled are hired according to requirement. Some 3000+ waiting in Infy campus all over after training completion.

The situation is of course bad. I hope Satyam employees will not suffer. If Satyam's existing projects go to Infosys (or Wipro or TCS) they can directly hire Satyam's current employees.

Anyone's got more information of possible layoff at Infosys?

The_Big_KCEans,

I just got the news that Indian IT Major, INFOSYS has shown pink slip to 4,500 employees.

Can someone confirm the news? I hope its a rumor!

:sshhh::sshhh::sshhh::sshhh::sshhh::sshhh::sshhh::sshhh::sshhh:
its just rumor
last month one of infy board director it self declared that there wont be any layoffs and infy have sufficient money for to pay this year sal's to employees with out considerign present business.

as a infoscion i can confirm its just a RUMOR..
😁 infoscion's can enjoy 😁

shalini_goel14Man, this is happening everywhere. Can you name a s/w company which is not doing layoffs? I read 2 days back in newspaper Microsoft has decided to do widest layoff by June end..count they have mentioned is 15000. I don't know how much its true, but this 2009 is going to be very bad, I am sure. 😔

might be its bad openign for 2009 but be as an optimist which will result that for indian IT good days are stil there ..
😁😁😁😁

Hail Infy!!! Pls confirm are they absorbing employees from satyam???????????????any referals goin on????

sauravgoswamiHail Infy!!! Pls confirm are they absorbing employees from satyam???????????????any referals goin on????

Satyam's directors have said that they won't lay off people.

Still you trust them after watever happend!!!!

kranthikumar.p:sshhh::sshhh::sshhh::sshhh::sshhh::sshhh::sshhh::sshhh::sshhh:
its just rumor
last month one of infy board director it self declared that there wont be any layoffs and infy have sufficient money for to pay this year sal's to employees with out considerign present business.

as a infoscion i can confirm its just a RUMOR..
😁 infoscion's can enjoy 😁

keep saying that for 6 more months buddy...n while u r at it, make sure u don fall in2 CRR4. R u a fresher (wat happens 2 deafult CRR shud b fun 2 watch) ... who else will believe the directors. hope u hav heard about 1 particular satyam director...
having sufficient money to pay and paying is 2 different things mate...
So when the recession tightens even the best companies will lay off the worst performers and no 1 will complain...

Its a rubbish news - go through this to confirm :

<a href="https://layofftracker.blogspot.com/2009/02/infosys-doesnt-have-any-layoff-plan.html" target="_blank" rel="nofollow noopener noreferrer">- Download Software</a>

Can't trust a blog.

One of my ex-colleague mentioned that his room mate who worked for Infosys was laid off.

Can anyone from Infosys confirm? They won't lay off 4500 people for sure - but I guess they will lay off few people.

well no recent developments though they have plans!!!

Hi,

I was one of the Lay off victims. I was asked to leave in one hours time citing performance reasons. It was a big shock to me as there was no indications on this front. I have learnt that Infosys is laying off people forcing them to resign and this is happening in a phased way ie around 200 people a day. They are planning to lay off around 3500 to 4000 people across the company and already the layoffs have started from February 15th.

Infosys has lost its soul and in the disguise of maintaining values, they are doing all immoral things. They wanted to show to the market that they are going to honour the 18,000 offer letters that they have given to campus recruits eventhough they know that at present the bench strength is around 35,000 people and this can increase further. I am not sure if laying off 4000 people will still work for them as the Bench strength after getting the freshers will cross 50K. However there are rumours that atleast 50% of the trainees will be fired citing improper performance during the training itself. I believe that those who got offer from Infy should look at other options if they can get as there is a huge risk joining Infy now. Infy sadly is no longer a safer company now.

Thanks,
Ex-Infoscion

@Infoscion: Very sorry to hear about it. I seriously doubted the news that Infosys is not laying off people.

Infosys has lost its soul and in the disguise of maintaining values, they are doing all immoral things.

Very bad news. 😔

My lips are sealed do not know what to say... one infosys guy is saying no lay offs other one is syaing he himself is victim... 😔

Hi Crazyboy,

This is the truth as I have experienced. I also DID NOT believe this when there were rumours floating about Onsite firing and also some people being layed off at offshore starting February.

Now the pace of layoffs has increased and I believe it will be around 4000 people who are being targeted in the initial phase. This may be more if the Situation worsens as by Sep 2009 we will have another 18K people added to the current 35K bench strength. I believe Infy cannot manage such huge bench strength and they may fire some more people unless they get more projects or the situation improves drastically.

Actually, this is the time for Infys to support their employees as it not making loss but only a reduction in profits. However they want to show case only to the Stock Market and Share holders but sadly they are not valuing the Employees any more.


Thanks,
Ex-Infoscion

This is not at all rumour...... My friend is asked to Leave just now. She was having CRR4.

I am also warned as I have CRR3..... in Next cycle people who will get CRR4 will be kicked out on the spot.

Man, nothing is safe now. You know it's always said that "everything that goes up, need to come down". When people were geting jobs like anything in IT, everyone was silent. People were leaving there streams like Mech, Elect, Civil etc & doing any small computer course & then joining IT.

IT is like a swolen baloon without any reason.... it started bursting now & to add to that this time recession is also in other sectors like Banking, Insurance, Manufacturing etc......

I can only hope that this will last for maximun 6-8 more months. Hope that 2010 will bring many happy things. Lets forget 2008 & 2009..... they r gng to be worst years in History.

Really bad news guys!
It's a sad day for many families.
Many ppl had complained that it was a 'forced' grading this time.
Let's just hope these ppl find a good job soon.

Ex-infoscion

Well ! I feel no company lay off good performers.

@Those who are getting laid off : May be you people were underperformers in comparision to your level colleagues or even if it is not like that and you have capability to do something great, layoffs is not going to affect you at all right?

You can look at CE-Labs section of this site as well as following links also
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#-Link-Snipped-#

May be of some help to those who are getting laid off by their companies.
"ALL THE BEST" for your bright future 😀

Thanks

What kind of rating mechanism do you have in Infy? What is CRR? How does it work? and how many employees have been fired in 2009?

CRR is consolidated Relative Ranking. People who are performing similar Roles are placed in one group and ranked relatively. CRR 1 is given for the highest performer and CRR 4 indicates rank for low performer.

Assume there are 10 people in a group then there will be around 3 people in CRR 4, 3 people in CRR 2, 3 people in CRR 3 and 1 in CRR4. Some times there can be groups as small as 5 but still 1 person was asked to be put in CRR4 which is the minimum number for any group. Previoulsy only those who did not perform were put under CRR 4.

This is like if one writes an exam and the scores of the people are 100,99,98,97 then the person who got 97 is given CRR4 eventhough the difference is very small and also if one got a score of 10 then also he is given CRR4. Previously only the one who got very low score was given CRR4, this time the grading was a forced grading and the last one who narrowly missed out over others with 0.1 difference was put under CRR4.

Sadly all CRR4 are being fired irrespective of the performance.

If the same yard stick was applied to the 7 founder members of Infosys we would have had 1 founder member leaving every year for being in CRR4. 😀

Thanks,
Ex-Infoscion

InfoscionCRR is consolidated Relative Ranking. People who are performing similar Roles are placed in one group and ranked relatively. CRR 1 is given for the highest performer and CRR 4 indicates rank for low performer.

Assume there are 10 people in a group then there will be around 3 people in CRR 4, 3 people in CRR 2, 3 people in CRR 3 and 1 in CRR4. Some times there can be groups as small as 5 but still 1 person was asked to be put in CRR4 which is the minimum number for any group. Previoulsy only those who did not perform were put under CRR 4.

This is like if one writes an exam and the scores of the people are 100,99,98,97 then the person who got 97 is given CRR4 eventhough the difference is very small and also if one got a score of 10 then also he is given CRR4. Previously only the one who got very low score was given CRR4, this time the grading was a forced grading and the last one who narrowly missed out over others with 0.1 difference was put under CRR4.

Sadly all CRR4 are being fired irrespective of the performance.

If the same yard stick was applied to the 7 founder members of Infosys we would have had 1 founder member leaving every year for being in CRR4. 😀

Thanks,
Ex-Infoscion

Sad story ! 😔

Few questions from my side.

1) How are you so sure that they are forcing managers to have some people in CRR4?

2) How are you so sure that they are asking ALL of CRR4 guys to quit?

3) Have they kept any target for no of people lay-off? If yes, what?

4) Why are they still hiring if they can't keep existing strength/

5) What are layed-off people supposed to do? and what are they doing, if you know about some of them?

Hi,

Please see my answers.

Few questions from my side.
1) How are you so sure that they are forcing managers to have some people in CRR4?

I was an Infoscion and I was also the appraiser for my reportees. The guideline was communicated by HR and this year they made CRR4 mandatory. This was the time when media reported that Infosys was planning to layoff people but at that time they dismissed this as a rumour and said that they did not have any such plans.
They had made 5% as Mandatory for CRR4 initially but later reduced it to 3.5%.

2) How are you so sure that they are asking ALL of CRR4 guys to quit?

I was in CRR4 ( force fit) and in my group there were only 6 people and all of us were doing equally good job. When the HR asked me to quit, I was informed that all CRR4 people were being asked to Quit.

3) Have they kept any target for no of people lay-off? If yes, what?

I believe that the target is 3,500 to 4,000 people based on firing all CRR4 and other marketing and Senior Management people.

4) Why are they still hiring if they can't keep existing strength

Very good question. They are NOT hiring now. They had given offer letters to 18,000 people earlier and they now want to show case to the Market and Share holders that they are committed to Values and honouring the offer letters. They know that it is difficult to accomodate so many freshers as existing bench strength itself is 35,000.

They have decided to fire people starting from CRR4 and if situation worsens next target will be CRR3. There are also rumours that out of 18,000 Trainees 50% of them may be asked to leave. This is a rumour but so far all rumours are turning out to be true.!!!!

5) What are layed-off people supposed to do? and what are they doing, if you know about some of them?

They have to look for alternate jobs. I am one of the victims and I am also looking for a job. The only good thing is that they are giving 3 months salary plus other benefits like leaves encashment, gratuity, super annuation benefits etc.

Thanks,
Ex-Infoscion

Just reminding that in this same thread i had warned 2 months ago that all CCR4 guys must be careful. now Infy has started firing.

But just CRR4 is not the criterion.as rejemaha got warned, if you are in crr3 or 4 in 1 cycle and in crr4 in next cycle you are into the firing line.then the main criterion: certification back logs for past years. then comes the next criterion, the performance based on all ratings in perfomagic (the infy portal tracking your rating and performance). number of A, B+ , B will be considered. Then attendance. This will all happen in HR level the PMs or SPMs will come to know only when you are being escorted to the gate.

yes it had laid of me on April 1st, the reason was performance they told, but they fired me based on last year performance, they did not even do the performance improvement process which was said to be done. It was very unethical of them to make me slog like a dog even til last day😔

hey guys,
I joined on nov 26th 2007 and my first CRR was 4, this they gave me after evaluation of my performance till sep 2008, then i had 2 backlogs, they told they will put me to
performance improvement process and then if i dont do that well they told they will fire, do you people know they did not even initiate that process, they just fired me.My performance after sep was good compared to previous and my PM also told that i would get CRR2 in 2009, with that hope i was trying hard to improve my performance and i did also but alas i was fired on april 1st the fool's day, the sad part was if i tell anybody that i was fired they were not believing also because of april 1st, i was fired from mysore DC.
Thanks,
Ex-Infoscion

oH mY gOSh !!!

Though I am not in Infi still I am afraid, My appraisals are results are about to come. Situtaion in IT at all around the world is same.

-Crazy

I would like to hear from some Infocian. Anyone out there with CE?

for the last time : "there will not be any performance improvement drive".

There was a rumor for past 6 months that CRR4 candidates will be put on 3 months notice period and if no improvement in those months, will be send back to training for 3 months after which there will be a generic compre exam, failing which you will be terminated. This news is total crap. There is nothing like that.

Infy will be just following the criterion i mentioned in the last post and then just fire. No one can blame anyone. These are difficult times where companies will have to follow certain measures to stay afloat with a profit.

more over people who got fired are not bad, they just fell behind others who are better. it a competitive world out there. you just need to be one step ahead of others to stay alive.

So many people from Infosys 😔 .

CEans, please help our friends from Infosys find jobs.

The_Big_KSo many people from Infosys 😔 .

CEans, please help our friends from Infosys find jobs.

Yeah, that's really important!

I also wonder what these layed-off guys from Infosys would do?

Whether other companies will give any preference to layed-off employees..???

ms_csWhether other companies will give any preference to layed-off employees..???

I doubt. It depends on your skillset. Fired employees may have an edge over the others when it comes to highly specific domain jobs.

I believe it's a good opportunity for fired employees to take a break and go for updating their skillset. Some of you may even go for starting a small business.

small business.??
that true spirit is long gone.
now everyone is either job hunting/resume flying or on MBA trail/CAT prep.
recession is a great reality check.

Are you sure of the number 4500?..Today in office there was a news of 2000,from pune,hyd and mysore DC...its really shocking...bad days for IT industry😔