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It's misinformation Biggie, Satyam laid of 4500 employees, and that due too the recent financial giants Lehman Brothers and Merill Lynch crumbling down.
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Is it? My friend's roomie got fired along with lots of other employees. Anyone from Infosys can confirm the news, please?
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Check this link, its a misinformation.
#-Link-Snipped-#
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kedarjk
Check this link, its a misinformation.
#-Link-Snipped-#
Article Date, sire! 😉 - Thursday, 21 February , 2008, 10:25
That's an old news!
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Oops sorry, i missed that.
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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.
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No,Infosys is not layying off !am sure
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They are offering pay-cuts and paid leaves [half salary] options.
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nerdy
Member •
Dec 17, 2008
Sad but true..
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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.
😔
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arunhero99
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.
😔
Really? That sucks! 😡 Once Infosys does it, others will follow (shamelessly).
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arunhero99
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.
😔
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. 😔
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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...
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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.
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I see,but cant they utilise services of their employees in some other projects,aint these companies diversify!!!
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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.
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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?
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The_Big_K
CEans,
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 😁
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shalini_goel14
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. 😔
might be its bad openign for 2009 but be as an optimist which will result that for indian IT good days are stil there ..
😁😁😁😁
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Hail Infy!!! Pls confirm are they absorbing employees from satyam???????????????any referals goin on????
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sauravgoswami
Hail 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.
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Still you trust them after watever happend!!!!
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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...
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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>
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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.
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well no recent developments though they have plans!!!
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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
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@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. 😔
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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... 😔
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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
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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.
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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
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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
#-Link-Snipped-#
#-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
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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?
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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
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Infoscion
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
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?
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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
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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.
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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😔
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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
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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
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I would like to hear from some Infocian. Anyone out there with CE?
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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.
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So many people from Infosys 😔 .
CEans, please help our friends from Infosys find jobs.
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The_Big_K
So many people from Infosys 😔 .
CEans, please help our friends from Infosys find jobs.
Yeah, that's really important!
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I also wonder what these layed-off guys from Infosys would do?
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ms_cs
Member •
Apr 9, 2009
Whether other companies will give any preference to layed-off employees..???
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ms_cs
Whether 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.
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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.
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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😔
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yaaaaaaawnn
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Finally, the news is official. The official news is that 2100 employees have been fired due to poor performance. Whose performance is it? Management or Employees? 😀
Now the biggest fear factor will be for those who are in Infy as next year the appraisal will be for 100,000 employees and atleast 5,000 will be fired. I DO NOT know if this will be the one factor that can effect employees productivity badly if this is going to be the trend.
Good luck to all Infoscions!!!!!!
Thanks,
Ramesh
Ex-Infoscion
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...and I believe India is yet to face the real recession. I hope not, but things may worsen in next few months.
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figure 2100 is for experienced employyes. It is not saying anything about Trainees...
-Crazy
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crazyboy
figure 2100 is for experienced employyes. It is not saying anything about Trainees...
-Crazy
Is that true? 😔
The number of trainees who'll be asked to leave (or already left?) is going to be much more than that!
Any Infosys trainees on CE? Please keep us updated.
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CEans,
We've something to think about. Any company spends lot of money in hiring and training employees. So, does it make sense to just ask them to leave the organization on a short notice?
Imagine this, the company announces flat 30% cut on all employee salaries. Would that save the job loss?
Another solution could be, % of employee salary cuts are directly proportional to the level in company. Do you think this method can work? If yes, why is this solution not being implemented?
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I seriously think firing inefficient employees is better than cutting the salary of the efficiently working lot. anyway the gone ones are CRR4. Come to think of it. they didn't fall in 1 2 or 3. So they are clearly lacking in something.
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The_Big_K
CEans,
We've something to think about. Any company spends lot of money in hiring and training employees. So, does it make sense to just ask them to leave the organization on a short notice?
Imagine this, the company announces flat 30% cut on all employee salaries. Would that save the job loss?
Another solution could be, % of employee salary cuts are directly proportional to the level in company. Do you think this method can work? If yes, why is this solution not being implemented?
Biggie,
I didn't get your very first question. Companies spend money on training, and still ask to leave their employees then it's loss to company itself!
Also, in your last question, do you mean cut % should increase as designations are higher?? If yes, point to think! 😀
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@ Biggi - Not supporting this time.
If in place of laying offs CRR4 if they cut the salary of all employees by 30%, do you think there will be any motivation for work?
So this option should be ruled out.
-CB
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crazyboy
@ Biggi - Not supporting this time.
If in place of laying offs CRR4 if they cut the salary of all employees by 30%, do you think there will be any motivation for work?
So this option should be ruled out.
-CB
BTW, money is not the only motivation!
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@ CrazyBoy: You're supporting layoffs? A company has to act like a family! You can't let few of the family members suffer.
If 'suffering' is inevitable, everyone in the company should suffer; not just few in the family.
[PS: That's my personal opinion though]
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@crazy boy...
If there are genuine non perfomers, they should be given chance to improve and then even after that, they do not improve they can be fired. That is acceptable. This is like a student scoring repeatedly less than 30 out of 100.
How can they fire an employee who scores high ie more than 80 but has scored less than his peers. Remember the scores can be very close with minor difference. This is atrocious and condemnable.
If the same yard stick was applied to the founder members of Infosys then every year one of them would have left as one of them would have been in the CRR 4.
The sad thing is that they are going to do appraisal for the 100,000 employees next year and then layoff the bottom 5% which means 5000 people who are going to be unlucky. This means Infy is no longer safe and every year there is a risk eventhough you perform well because it is like scoring 99 marks but still if your peer scores 100, then you are out.
Very sad indeed !!!!!!!!!!!!!!!
I also got news from my colleagues that some of them might be moved to BPO which will be further shocking as I DO NOT know how they can handle the work in BPO....Crazy news!!!!!!!!!!!!!!!
Thanks,
Ramesh
Ex-Infoscion
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@ differential - What is the motivation for work. For me only two motivations - Work and money. I am in CRR 4 that means I am lacking somewhere in my work. Also if I am not getting money I stands no where in terms of motivation.
@ Biggi -
A company has to act like a family!
Thats true, but business can not be established on personal terms. If you are really non performer you should be given a warning and after that you should be kicked out. Again, I am neither supporting nor rejecting ideas of layoffs, If one really dont deserve to work in company then he/she should be kicked off.
@ infoscion -
This is like a student scoring repeatedly less than 30 out of 100.
When a student gets less then 30 out of 100 that means he is fail all the time.
Am i wrong guyz?
-CB
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What about 1) working with and for good people? 2) recognition and appriciaction of work? 2) working for an organization who carries social responsibilities 3) ethics 4) morals?
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Differential
What about 1) working with and for good people? 2) recognition and appriciaction of work? 2) working for an organization who carries social responsibilities 3) ethics 4) morals?
Do you think All of these 4 things can feed you?
For point 2 If you are getting recognition and appriciaction for work, then you are not a deserving candidate for CRR4?
-Crazy
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crazyboy
Do you think All of these 4 things can feed you?
For point 2 If you are getting recognition and appriciaction for work, then you are not a deserving candidate for CRR4?
-Crazy
I think we are going off the way! I never said these things will be able to feed me. Neither I said if one gets recognition, he would never get CRR4 or whatever.
I simply don't agree to your opinion which says
"If in place of laying offs CRR4 if they cut the salary of all employees by 30%, do you think there will be any motivation for work?".
I say there are many other factors (apart from money) which are part of a motivation. That means money is not the
ONLY factor of motivation, though it is one of the many.
Also, point wasn't
NOT giving salary, it was reducing (or not hiking) for a valid reason. Now, this may affect one's motivation, but surely it won't destroy it. One has to understand the reason behind it.
"Best things in the world are for free".
Hope, that makes my point clear. 😀
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@ infoscion - When a student gets less then 30 out of 100 that means he is fail all the time.
Am i wrong guyz?
-CB[/quote]
You are absolutely correct. This is what I said. If some one fails, he can be fired but the point is Infosys has fired 2100 people out of which there could be only around 200 people max who have been genuine non performers like scoring 30 out of 100. All others are the ones who have scored very well like scoring 80 or 90 out of 100 and have been good performers. This is shocking and more over and has disturbed the present Infoscions a lot because they know that they can also end up in CRR4 next year and be in the firing line.
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by the way... now its not just 1 appraisal per year... its two... i.e employees will have to go through an appraisal cycle every 6 months... tomorrow starts the next cycle. last 1 was 1st Oct’08 – 31st Mar’09.
Anyway, who supports it and who doesn't, just don't matter. its just whats good for the company. Infosys is not a family, it a perfectly working machine. loose nuts and bolts need to be replaced time to time. When fuel price hike comes, the machine need to shed some weight to maintain efficient fuel utilization.
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An organization can be drived by profit making strategies only; they can not be derived by emotional / sentimenatal way.
I know that I can be sacked from my current organization soem day but still I beleive that if you perform well no one will sack you. Also you need a hint of luck as well. One of my friend was sacked from a leading organization (Oracle) in 2008 and would you beleive, he got job in Google after 2 months. Actually he was destined for that.
-CB
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More sad news.. Variable pay cut by 58 % ... now, what was the point of all that lay offs? I am seriously going to prepare for CAT.
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arunhero99
More sad news.. Variable pay cut by 58 % ... now, what was the point of all that lay offs? I am seriously going to prepare for CAT.
I wonder if going for CAT will solve the problem or help in any-way.
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arunhero99
by the way... now its not just 1 appraisal per year... its two... i.e employees will have to go through an appraisal cycle every 6 months... tomorrow starts the next cycle. last 1 was 1st Oct’08 – 31st Mar’09.
Previously also we had two appraisals every year. However in the mid year appraisal gradings were given to the employees and there were no CRR Ratings. There was no relative ranking.
The problem is that in the mid year appraisal one can get a grade of A ( which means performing way above expectations ) or B+ (which means exceeded expectations in performance) and also in the year end appraisal also the grading can be given by the manager as A or B+ which clearly shows that the employee has performed excellently but still when it comes to CRR one can land in CRR4. This is due to forcefully putting one person in that. This is the saddest part.
I had three B+ ratings in my mid year appraisal and one A and two B+ ratings given in my annual appraisal but still I was put in CRR4.
@Arun,
Now is Infy going to do CRR process every 6 months or what? Is it not going to be annually?
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Infoscion
@Arun,
Now is Infy going to do CRR process every 6 months or what? Is it not going to be annually?
sorry if i confused the whole issue. Yes, that's what i meant. All this will be known only when iRACE gets released. by May end.
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Differential
I wonder if going for CAT will solve the problem or help in any-way.
At least i will have some worthwhile thing to do till the recession cools down.
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What you will do after CAT???
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Infoscion
Previously also we had two appraisals every year. However in the mid year appraisal gradings were given to the employees and there were no CRR Ratings. There was no relative ranking.
The problem is that in the mid year appraisal one can get a grade of A ( which means performing way above expectations ) or B+ (which means exceeded expectations in performance) and also in the year end appraisal also the grading can be given by the manager as A or B+ which clearly shows that the employee has performed excellently but still when it comes to CRR one can land in CRR4. This is due to forcefully putting one person in that. This is the saddest part.
I had three B+ ratings in my mid year appraisal and one A and two B+ ratings given in my annual appraisal but still I was put in CRR4.
@Arun,
Now is Infy going to do CRR process every 6 months or what? Is it not going to be annually?
Yes, it is a sad part indeed. I strongly didn't like this part in the whole story! Why is Infy putting people on CRR4 forcefully. I know, they had to lay-off some number due to recession. But why don't they just lay-off saying reason of recession. Why CRR4 forcefully? (if whatever told to me is true). Don't you think CRR4 will cause people to discourage or cause problem when going for another job? Isn't it a bad evaluation.
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crazyboy
What you will do after CAT???
By the time I complete CAT, I will have a new degree, a new skill set and a world freshly out of recession and hunting new MBA grads... I think I will take operations. Marketing is too easy and Finance is too tough.
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only one word explanation... MISCONCEPTION.
Now a days even PGite from IIM's are not getting respectable jobs in comaprision to last year.
-CB
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That may be today's condition. But once the recession is over it will surely be back to normal. The point is, if pay cut is going to happen, it wont be worth staying in Infy without any other backup plan. Mine is CAT. But surely I'm open to advise. Company Jumping will be like jumping from frying pan to fire. Then only option is CAT,GMAT or GRE.
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Differential
Yes, it is a sad part indeed. I strongly didn't like this part in the whole story! Why is Infy putting people on CRR4 forcefully. I know, they had to lay-off some number due to recession. But why don't they just lay-off saying reason of recession. Why CRR4 forcefully? (if whatever told to me is true). Don't you think CRR4 will cause people to discourage or cause problem when going for another job? Isn't it a bad evaluation.
Putting CRR4 forcefully is 100% true as being a manager, I was part of appraisal for my Reportees and the instructions were given that 3.5% of the folks should be put in CRR4 and minimum one person should be there in CRR4 even if the group size is small like say 6 people or 8 people where 3.5% means 0.2 or 0.3.
Actually when the news came that CRR4 was mandatory, media immediately sensed this and flashed the news that Infy was planning to layoff people. However this was denied by top management saying that they were making CRR4 mandatory to make people who are in the lower ratings come up by putting PIP. However it was very clear that management wanted to layoff some people and so they made CRR4 mandatory to get rid off those whom the managers decide.
In my case I had seen few folks who did not perform upto the mark even though they were given many chances and they were put in CRR4 straight away as there appraisal ratings were also bad ie getting grade of B- or C. I DID not regret putting these folks in CRR4 because they were genuine non performers.
The problem was with several people who performed excellently and got similar ratings like B+ or A but when it came to decide 1/2 persons to be put in CRR4 we had to see reasons like performing extra curricular activities ie participating in org wide initiatives like singing or dance competitions, organizing cricket activities etc and if someone did not do this and was in bottom 3 or 4 he had to be put in CRR4.
There were many who slogged 15 to 16 hours for their projects and they hardly could find any time for other activities. But they were put in CRR4. This was the worst thing to do but we were helpless as the system was like that.
Strange thing that I observed is that Infy recruited about 5000 people from Jan-March when they knew that situation was not good. Now why to recruit people and fire people who were really perfomers and useful assets to the company?
Out of the 2100 people fired, I believe there will be only about 100 people max who will be poor performers and the rest all force fits. Infy will be clearly loosing the experience of these people with Infy internal process knowledge if they recruit others in these place....
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That was very informative Infoscion... As an SE I never knew what the managers were thinking. This was a definite eye opener...
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Strange thing that I observed is that Infy recruited about 5000 people from Jan-March when they knew that situation was not good. Now why to recruit people and fire people who were really perfomers and useful assets to the company?
The company wanted to show that even in the recession times; the company is doing fairly well and recruited people. I personally think the people who cleared interviewed Infy's recruitment process were not of low quality.
Checking extra curricular activities to decide the rating, in my personal humble opinion, is pure insanity. I remember when I used to work as a software engineer; I was told that I participate in extra curricular activities that there's a good chance I am not able to concentrate more on work.
The problem; as I see, is not with the employees. It's with the Pyramidal hierarchy that every big organization follows. We've had a discussion on alternatives to pyramidal hierarchy. I think we can reignite the discussion and actually come up with an alternative.
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Internal rumours: Infosys planning 100,000 jobs cuts in next quater!!!
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WHAT???????????????????
Do they have these many number of employees?
Are they gonna be 4 (or whatever number) original founders, once again? 😀
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Thats why i said internal rumours however I dont know the exact numbers but they are in process of big job cuts,hope these are just rumours and not a reality!!!
Differential
WHAT???????????????????
Do they have these many number of employees?
Are they gonna be 4 (or whatever number) original founders, once again? 😀
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@Saurav: Ha! Don't spread the rumors through CE 😉 . Although no one can deny that the company will continue the layoffs in next quarter.
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sauravgoswami
Internal rumours: Infosys planning 100,000 jobs cuts in next quater!!!
😡Dude , that was a totally baseless comment. Infy got just 103000 around employees... another 2500+2500 next year in two cycles is possible.😛
anyway,in Infy even in smoking corners we never heard any news of this kind or anything related. May be this is how rumors are generated. I will tell someone that i read like this somewhere. then it goes on and it will become a huge story and next big headline.
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@arun: thansk mate,can you do that favour for me,just joking,anyhow why infosys has incresed the training period from 3 to 6 months
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sauravgoswami
@arun: thansk mate,can you do that favour for me,just joking,anyhow why infosys has incresed the training period from 3 to 6 months
Really? 😒
I always thought 3 months time was just more than enough!
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@saurav : 😀 . I will surely spread that rumor in your name.
anyway, More Training period, Less you pay. when i was a trainee I got in hand 13K. Now these guys get much lesser.
Latest rumor: Junior Software engineers (guys from non-engineering branches like B.Sc) on bench who cant find any projects were asked to either find projects in Infy BPO or just resign within next 1 month. I think they will ask normal engineers on bench also soon to do this.
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Infocians, Please confirm the latest rumours. We need someone from infy who can give us confirmed news daily.
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Differential, Almost half the guys responding here are from Infy only.
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Just for the records' sake; this thread is #1 on Google for keywords "Infosys Layoff". We've received lot of traffic because of this thread in recent days.
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yeah , even some new members came just to reply here. 😀
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I better remove the links in my signature to my personal details. I don't want any Infy HR reading this and kicking me out for corporate espionage or business secret leaking. 😉
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😉 Don't worry. We do not share any of our user's information with anyone.
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well CE is as protected as swiss banks,infy cant do any witch hunt here!!!! be assured!!
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Thanks a lot for that guys... By the way, the last rumor is confirmed. benchers are asked to find projects anywhere including IBPO. not just junior SE, everyone on bench.
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By the way I hope you guys read that story of a trainee's suicide in Mysore last week.
I'm seriously concerned as some kids i know are still in training there.
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hey what about Mr.NM, is he has been asked to search projects in BPO???what he was doing when satyam was being sold???
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Hey, let the poor guy be... I'm a great fan of his. He retired from active Infy business. He is now just a board member and an excellent speaker in Mysore training sessions.
He doesn't have any say in the latest developments.
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well is he not contesting elections,he has a desire to be PM of this nation??? anyhow is Phaneesh still in his wild-ways???? any new victim??
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Let's not go off topic 😀
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The_Big_K
Let's not go off topic 😀
It is sad to see that even NRN says that there are no layoffs in Infosys. Either he is lying or he does not know what is happening in infosys. I however doubt if NRN does not know the actual facts. If this is the case then MD Pai is giving false news to the top management.
NRN had said in 2001 dot com bust that there will be not even a single layoff in Infy till the last rupee is left and also that Infy would NOT Do anything wrong that will make one feel ashamed to work with them.
However after NRN has given charge to others, Infy has lost its soul and probably those who are working for Infy are no longer feeling secure and NOT PROUD INFOSCIONS any more....
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NRM was saying that there will not be any layoffs. However termination of 4500 employees is on the basis on performance so as per the management these fellas are not part of layoffs.
Layoff- There is no work thats why they are firing a few resources.
Termination - your performance is not acceptable thats why they are terminating your services.
-CB
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but why they are terminating now?
before recession they were not keeping eye on performance?
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crazyboy
NRM was saying that there will not be any layoffs. However termination of 4500 employees is on the basis on performance so as per the management these fellas are not part of layoffs.
Layoff- There is no work thats why they are firing a few resources.
Termination - your performance is not acceptable thats why they are terminating your services.
-CB
Termination on basis of Performance is nothing but Hypocrisy just to tell to the world that they are only terminating Non Performers. The management would have been better to tell the fact that they are laying off employees because of Recession and instead giving tons of lies and also insulting the employees by saying they are Non Perfomers.
I believe there will be hardly 100 employees who were really not performers and who might have had a score of around 2 out of 5. Usually the CRR1 candidates have scores of around 4.2.
Out of the 4500 who have been fired, I believe more than 4000 will have scores of 3.8 and above but were put in CRR 4 forcefully and then terminated.
This is like a guy scoring 97 out of 100 but still if someone says he has not performed just because others scored 99 or 100 then is this correct?
Just think of the people who have put in their heart out and worked for Infosys slogging 15 to 16 hours a day to ensure that they complete the projects successfully. Just because others might have done some additional activities and scored slightly higher they were forced to be put in CRR4.
Now if they are the sould bread winner for their family, what will happen to them? What happened to the so called INFOSCION family....just because they are going to get few crores of profits less, they are laying off these people. Can't Infy board members take just one rupee salary and then ensure that the profits are maintained?
Also, the great joke is that MD Pai says that they may recruit 2100 laterals this year....A Very Cruel joke from Mr MD Pai....
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Apologies if my post had offended you in any sense.
I was just saying that management guyz (Always hypocrat) are giving a term TERMINATION to these layoffs. nothing else.
@g_rakesh2- They are terminating now because they have less profit now. Management decision to compensate the less profit.
-CB
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Let us hope someone from senior management from Infosys takes a note of all this and tell us their version of story. kind of "from horse's mouth". Then picture will be more clear and we will be able to debate more clearly.
What do you say?
--Diff
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@ Biggi - Can we interview someone from INFI top management ???
-CB
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We've already interviewed Subbu Goparaju, Head of Infosys Research Labs. Check the Front Page.
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Differential
Let us hope someone from senior management from Infosys takes a note of all this and tell us their version of story. kind of "from horse's mouth". Then picture will be more clear and we will be able to debate more clearly.
What do you say?
--Diff
There have been many interviews done with the top guys MD Pai, Kris and Mr.Murthy. All of them are singing the same song. All of them just cannot digest the hard things of Recession and DO NOT have the guts to agree that they are doing layoffs because of Recession.
They are putting a mask of performance and laying off people. I can give 1000's of examples of people who were doing well but layed off. If the management has guts, let them show the appraisal feedbacks of the guys who were layed off and then prove that they were non performers. I am sure they cannot do that.
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Hi All,
This is another shocking news to hear from an Infoscion. One of the infoscion(still with Infy as of now...so he is an infoscion...) was working in US on a project and the project contract was there till Dec 2009 and also likely to be extended for one more year after that.
The project was going smoothly and this guy recieved many client appreciation mails also and the Client was extremely happy with his performance.
This guy was working in Infy for more than 5 years and was almost never on bench. He was put in CRR4 because he came to the new unit 6 months back.
Now this guy kept quiet even though he got CRR4 but the shocking thing was that he was asked to come back to India even though the project was going smooth.
He has come back and he can be fired any moment. There are couple of others like him who have come back offshore though they have been working on projects but were put in CRR 4. Looks like there are more layoffs in the offing.!!!!
Thanks,
Ramesh
Ex-Infoscion
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I was asking about management persoon not a technical person?
CB
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Off Topic:
@CrazyBoy: We may, But not in near future. I am trying to get in touch with Mrs. Sudha Murthy of Infosys Foundation.
[/ off topic]
@Ramesh aka Ex-Infoscion:
The company will fire many employees. When layoffs happen; the manager's word is trusted more than performance. I know a person who got fired because he wasn't in very good terms with his manager. It's not business, it's personal; most of the times.
Infosys is definitely using this opportunity to get rid of the massive hires it made over the years.
I personally think it's management's faux pas.
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The_Big_K
Off Topic:
@CrazyBoy: We may, But not in near future. I am trying to get in touch with Mrs. Sudha Murthy of Infosys Foundation.
[/ off topic]
@Ramesh aka Ex-Infoscion:
The company will fire many employees. When layoffs happen; the manager's word is trusted more than performance. I know a person who got fired because he wasn't in very good terms with his manager. It's not business, it's personal; most of the times.
Infosys is definitely using this opportunity to get rid of the massive hires it made over the years.
I personally think it's management's faux pas.
I agree with you. What happens now is that these layoffs are going to impact our economy also.
How many of the IT people will now venture out for a home loan or persona loan...I am sure very few will go out as they are no longer sure about their job. What do you say?
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@ Infoscion:
Yes, the layoffs ARE going to affect the economy. I've always thought of the recession as a very good example of the domino effect.
I believe IT jobs have lost their 'shine' in India. Core engineering disciplines will get importance. I hope India has enough businesses to accommodate the talent.
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Infoscion
I agree with you. What happens now is that these layoffs are going to impact our economy also.
How many of the IT people will now venture out for a home loan or persona loan...I am sure very few will go out as they are no longer sure about their job. What do you say?
you seem to be getting carried away a lot by all this lay off crisis.
Dude chill. If one person have a skill set worth keeping and a strategy in official work no one will fire him. Even then if they fire him, its a big world out there. He can survive. Infosys doesn't take the responsibility of feeding the whole population the whole time. If they kept non performers during good times, it is their good will and want of bench strength. now they cant carry the baggage any longer.
The issue is, we Indians take up non creative, bug fix/testing jobs and reach a comfort zone. suddenly when we are exposed to competition in real world, we are scared. we wont dare to fight.just want a safe cocoon.When we don't get it, we run around crying.
I remember one loser writing in Infosys bulletin board: " Please cut our salaries in half, but don't fire us". What the hell? If i am working, i want my salary in full. if they don't want me, fire me. i have my own options.
And about Indian economy going down with S/W industry layoff, don't worry. We got a bigger threat from recession as a whole than some fired/scared techies not spending on luxury apartments and multiplex tickets.
Lay off is a reality. Accept that. "There are people better that you out there.". The day you slack off, you are out.
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arunhero99
you seem to be getting carried away a lot by all this lay off crisis.
Dude chill. If one person have a skill set worth keeping and a strategy in official work no one will fire him. Even then if they fire him, its a big world out there. He can survive. Infosys doesn't take the responsibility of feeding the whole population the whole time. If they kept non performers during good times, it is their good will and want of bench strength. now they cant carry the baggage any longer.
The issue is, we Indians take up non creative, bug fix/testing jobs and reach a comfort zone. suddenly when we are exposed to competition in real world, we are scared. we wont dare to fight.just want a safe cocoon.When we don't get it, we run around crying.
I remember one loser writing in Infosys bulletin board: " Please cut our salaries in half, but don't fire us". What the hell? If i am working, i want my salary in full. if they don't want me, fire me. i have my own options.
And about Indian economy going down with S/W industry layoff, don't worry. We got a bigger threat from recession as a whole than some fired/scared techies not spending on luxury apartments and multiplex tickets.
Lay off is a reality. Accept that. "There are people better that you out there.". The day you slack off, you are out.
Hey Arun,
I am not getting carried off by the layoff. I was fired from Infosys and I have NO regrets on getting fired. I have several options to choose from as there is no financial problem for me personally. I just need some work to do instead of lying idle.
What I wanted to say was that recession was already having its impact on our economy and with these kind of layoffs how many IT guys will venture out. I am not talking about those who are layed off not spending the money. The layoff will have those IT People who are working not spending money because of the insecurity. Think about it.
Predominantly the real estate/ hospitality or other industries depended heavily on IT people and now I believe very few IT guys will spend in this time because of the layoff effect because of insecurity feeling.
Do you think that those who survived the layoffs will have their jobs secured? I agree that Infy has every right to layoff people but what they are doing is not in a correct way and also this has created huge panic among all the IT people in India. This is the point I wanted to convey.
Thanks,
Ramesh
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see Ramesh, I totally agree with all the points you have stated till now. My only concern is the growing dependency we show towards to company to provide us under all circumstances. LEt them fire. They will need us when the recession is over. We will show them then. 😀 when the next head hunting starts, all these firing companies will get a painful shock at the heavy pay packages we ask for.
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arunhero99
see Ramesh, I totally agree with all the points you have stated till now. My only concern is the growing dependency we show towards to company to provide us under all circumstances. LEt them fire. They will need us when the recession is over. We will show them then. 😀 when the next head hunting starts, all these firing companies will get a painful shock at the heavy pay packages we ask for.
Hi Arun,
I agree with you. The point I wanted to put in here was
1. Why should a company like Infosys follow hypocracy and say that they have terminated poor performers?
Infy says that it is Driven by Values...but does Mr.Murthy know what values the company is following.
Every company has the right to layoff people as no job is guaranteed in pvt sector and people should be prepared to get laid off. However the way people have been treated by Infy is very bad. Infy could have done the same thing in a decent way instead of treating the employees so badly and lying to the world that they are poor performers.
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Yes... I agree. the poor performers term itself was totally unwanted. They could have said, due to recession we are downsizing, like many other companies did. Instead they went ahead and made it a total smashup. Higher management here now is a total screw up. I stopped expecting values long ago. I work i get paid. that's it. no commitments.
"I work for money if you want loyalty hire a dog"
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The higher management's quote of NON-PERFORMERS has effected the laid off employees even worse...1st the sheer tag of being a low performer and lost job ,2nd when they face another interview one obvious question...ARE YOU ONE OF THOESE WHO HAD BEEN LAID OFF???😒😒
Earlier CRR4 was given to employees who had attitude issue or were kinda complacent in work...but this time round it was made compulsory...no matter how gud the team has worked 5% of them need to be in CRR4 bracket...and eventually they are asked to move out...before recession there used to be PIP and stuff for such employees...this time even that option is not given...and without any clue they were asked to move out no matter you are on project or not...PHEW!!! and they say we are laying off non-performers...they are hiding their inability to bag new projects by excuse of performance😎...god bless infoscions!!!
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Do the affected folks get their experience letters?.. Did they get a decent exit?. 😔
One of my Old project members was sent off rather quietly from pune BCM last month..scary indeed!!!!.
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Infy_Onsite
Do the affected folks get their experience letters?.. Did they get a decent exit?. 😔
One of my Old project members was sent off rather quietly from pune BCM last month..scary indeed!!!!.
yeah they will get experience letters and all...but the way they are been asked to move out is pathetic...
a friend of mine was full time into a project and suddenly PM comes and asks him to give a transition of his work to his colleague...next day afternoon he is called and asked to leave...the guy has been working weekends non-stop since last 3 months...😡
INDEED DRIVEN BY VALUES 😁
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VR2009
yeah they will get experience letters and all...but the way they are been asked to move out is pathetic...
a friend of mine was full time into a project and suddenly PM comes and asks him to give a transition of his work to his colleague...next day afternoon he is called and asked to leave...the guy has been working weekends non-stop since last 3 months...😡
INDEED DRIVEN BY VALUES 😁
Sorry to hear that. I guess we've lot of people from Infosys watching this thread every day! Anyone wants to share thoughts?
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VR2009
yeah they will get experience letters and all...but the way they are been asked to move out is pathetic...
a friend of mine was full time into a project and suddenly PM comes and asks him to give a transition of his work to his colleague...next day afternoon he is called and asked to leave...the guy has been working weekends non-stop since last 3 months...😡
INDEED DRIVEN BY VALUES 😁
The problem here is that Infy Management wanted to layoff atleast 5% of the people and for this they have already prepared ground in December 2008 itself when the appraisals started and made CRR4 mandatory which means that it was left to the managers to identify the people of their choice who would be fired.
Now all the CRR4 people were identified according to the managers choice( whether real performer on non performer) and so Infosys top management blindly started the layoffs of all CRR 4 people.
Now it has come a big shock to all those who are working in projects for 15 to 16 hours or for those who are onsite on projects.....all these people are forcefully removed from the project and then fired....there only mistake is being forcefully put in CRR4 by their managers eventhough they have performed excellently or got appreciation mails from Clients etc....
I am not sure of this logic of firing people who are in projects....
Driven by Values..(Means Driving away people in CRR4 value)....
Very Very Sad affair in Infosys and Infosys management have very cleverly managed this layoff .....
Thanks,
Ramesh
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Now it has come a big shock to all those who are working in projects for 15 to 16 hours or for those who are onsite on projects.....all these people are forcefully removed from the project and then fired....there only mistake is being forcefully put in CRR4 by their managers eventhough they have performed excellently or got appreciation mails from Clients etc....
Is this not going to affect Infosys? If they fire people who're already doing a good job on onsite projects; the business is sure to get affected.
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The_Big_K
Is this not going to affect Infosys? If they fire people who're already doing a good job on onsite projects; the business is sure to get affected.
I don't think any company would ever want to fire comparatively good performers!
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ms_cs
Member •
May 2, 2009
Differential
I don't think any company would ever want to fire comparatively good performers!
Yes...Reason may be , the managers only want to keep the best of best.Am I right
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ms_cs
Yes...Reason may be , the managers only want to keep the best of best.Am I right
Most of the time it's personal. If you don't treat your manager well...expect the expected 😛
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Its the human nature.... You will find the same thing everywhere biggi... wont you?
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From what i know - there were layoffs last week...It does not give you a good feeling when it coincides with top management announcing salary hikes for themselves...
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Infoscion
Hi All,
This is another shocking news to hear from an Infoscion. One of the infoscion(still with Infy as of now...so he is an infoscion...) was working in US on a project and the project contract was there till Dec 2009 and also likely to be extended for one more year after that.
The project was going smoothly and this guy recieved many client appreciation mails also and the Client was extremely happy with his performance.
This guy was working in Infy for more than 5 years and was almost never on bench. He was put in CRR4 because he came to the new unit 6 months back.
Now this guy kept quiet even though he got CRR4 but the shocking thing was that he was asked to come back to India even though the project was going smooth.
He has come back and he can be fired any moment. There are couple of others like him who have come back offshore though they have been working on projects but were put in CRR 4. Looks like there are more layoffs in the offing.!!!!
Thanks,
Ramesh
Ex-Infoscion
Hi Brother,
I am also in a similar trap. I have been working on a client location for last 1.5 years and was among the one who got role change(c band) in last April 2008 cycle. I was the youngest in my CRR peer group for this year and had to compete with 4 people who recently moved to D band. Eventually I was put into CRR4. Now am asked to move back and I know what is waiting me out there!!.. .Now am deeply regretting..I shouldn't have got role change 😔......
Thanks,
MXN
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mxn456
Hi Brother,
I am also in a similar trap. I have been working on a client location for last 1.5 years and was among the one who got role change(c band) in last April 2008 cycle. I was the youngest in my CRR peer group for this year and had to compete with 4 people who recently moved to D band. Eventually I was put into CRR4. Now am asked to move back and I know what is waiting me out there!!.. .Now am deeply regretting..I shouldn't have got role change 😔......
Thanks,
MXN
It is very unfortunate indeed....The very fact that you have got a promotion in last cycle itself means that you were a very good performer....Now putting you in CRR4 and asking you to move back to fire you is very a unfortunate situation....
To add to this, there was news last week that Infy Management people got very good hikes....This is very shocking indeed....
I am not sure if Mr.Murthy knows about what is happening in INFY????
Firing performers and giving hikes to management people who are not able to manage things properly....Hmmmm....surely a sad affair in Infosys...
I am glad, I am NO longer with this company....
Thanks,
Ramesh
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Management is getting salary hikes? Woa! :shock: Can someone confirm this?
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The_Big_K
Management is getting salary hikes? Woa! :shock: Can someone confirm this?
Hi Big K,
The news is official. It has been already reported in the media 10 days back.
<a href="https://economictimes.indiatimes.com/articleshow/4451595.cms" target="_blank" rel="nofollow noopener noreferrer">Infosys top brass gets over Rs 10-crore hike - The Economic Times</a>
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Infosys top brass gets over Rs 10-crore hike
26 Apr 2009, 1836 hrs IST, PTI
BANGALORE: IT major Infosys' top brass, including its directors and senior-most management personnel, got a hefty collective hike of over Rs 10 crore in their pay packets during the last fiscal, with Chief Financial Office V Balakrishnan leading the tally with a hike of Rs 1.73 crore.
Surprisingly, the fattest pay package at the country's second-largest IT exporter does not go to its chief mentor and non-executive chairman N Narayana Murthy, Co-Chairman Nandan Nilekani or CEO and MD S Gopalakrishan.
Rather, it was head of European business and executive council member B G Srinivas, who was paid highest remuneration of Rs 4.67 crore in the fiscal ended March 31, 2009.
The collective remuneration of all the board members and top management personnel rose by Rs 10.28 crore to Rs 29.16 crore in the fiscal 2008-09, as per the auditors' report to Infosys board on the consolidated financial statements of the company and its subsidiaries
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I hope this answers your question
Thanks,
Ramesh
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ms_cs
Member •
May 7, 2009
If the company gives this type of bad...with the employees means, how the employees work well? They may look for another better job or even a job from company that gives job assurance and good relationship and treatment with employees. This may lead to labour turnover right?
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Oh My Gosh !!! Hike of 1.73 crores to one person, this is surely not justifiable.
-CB
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Its true that infosys is firing employees day by day. they wud have already fired 4000 this time.Am ex-employee of infosys and got fired last month. so guys do beleive and be aware of such cruel happngs around world.
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tarun2009
Its true that infosys is firing employees day by day. they wud have already fired 4000 this time.Am ex-employee of infosys and got fired last month. so guys do beleive and be aware of such cruel happngs around world.
Sorry to hear that. Would you please tell more about what reasoning was given when they fired you. Also would you please tell which technology you worked on and CRR rating?
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ms_cs
If the company gives this type of bad...with the employees means, how the employees work well? They may look for another better job or even a job from company that gives job assurance and good relationship and treatment with employees. This may lead to labour turnover right?
There is no company that will ever give anyone a job assurance except for the Indian Govt where you get kicked out after you are 60
with a pension which ever happens with a private firm, Infosys used to be a good company with a strength of 25k to 35 k after that they have outgrown their vision, they really dont know how to control the company.
For sheer personal gains they have fired people with all the experience and training.The founders are working like any other partners in the big 5 consulting firms , they hire when needed and will fire when needed.
I feel bad for those employees who got laid off and i feel bad as in India its not a normal thing to be seeing people getting laid off. i hope the best for them, dont worry guys there is always a sunrise after the sunset. Its just the dark hours, will pass by and make you wiser and street smart.
Good luck guys!!
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I think there is no updates on this thread for long time....Now comes the great Plan of HR in Satyam.....Creating a term called " Virtual Pool" and in this disguise laying off people.
Satyam has layed off close to 10,000 employees in the form of Virtual Pool. This is nothing but layoff as the employee ID Cards are taken off and are asked not to come to office till 6 months and they say that if any new projects come then they might be taken back.
The main advantage for Satyam is
1. This is not called as Layoff as otherwise there would have been massive uproar for laying off 10,000 employees.
2. Cash benefits for the company as they are going to pay only basic salary for 6 months for junior employees and 4 months for senior role employees. If they had called this layoff they would had to pay 2 months full salary. Basic salary is only 30% of actual salary which means even if the company pays for 6 months it is not equal to 2 months salary...
Very sad indeed for the employees....Bad times for IT people...
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Satyam has laid off (Virtual Pooled) 10,000 employees? You sure?
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Satyam says that it is not a layoff but in fact it is worst than layoff. All the Virtual Pool employees Access Cards have been taken off and they are asked to go home. They will be getting basic salary for 6 months and "IF" any new projects are there, they will be called back.
The big question is ...Will they be called back?...Many of the employees know that in the current situation, it is very difficult for Satyam to get new projects and also many existing projects are going to end. This means even if new projects come, the existing employees will be enough to take them up.. So all the Virtual Pool Employees may not be called back....Eventually after 4 months, it will be equal to a layoff....
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The effect is being felt now. Heavy attrition is going on in Infosys and official figure is 10%.
All this because of foolish policies of Mohan Das Pai.
Strict Time Implemenatation which was very foolish. Saying employees must spend minimum time of 8 hours in office eventhough attending onsite calls and working night times can be more than 4 to 5 hours
Forcibly putting employees in CRR4 and laying them off branding them as non performers.
Who will tolerate such stupid actions? Very soon Mohandas Pai will have to go back on his policies else Infy will become the last preffered employer.
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tarun2009
Its true that infosys is firing employees day by day. they wud have already fired 4000 this time.Am ex-employee of infosys and got fired last month. so guys do beleive and be aware of such cruel happngs around world.
I don't think there is anything cruel in layoffs by Infosys. In the competitive world today almost every company lays off non performing employees. Infosys too does this but not in a brutal way. It gives two to three chances and continuously accesses the performance of these employees before asking them to leave.
Regards,
KK#-Link-Snipped-#
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I do not know why they do int infosys People working good in some company after infosys and they got good appriasal one year confimriation and later they will be put in crr 4 and pip and then remove this is not right way to do
Sr manager Nisha kutty from hyderabad infosys the most one award to do liek this kind of things every one pray let her to go hell she must have comenses why she doing like this.
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