Infosys Layoffs? Nope! Infy's Encouraging 'Chronic Under-Performers' To Seek Other Jobs
There was a buzz in the software engineering & IT community today as TOI published the news that Indian IT major Infosys is laying of about 5000 employees. We reached out to Infosys to seek an official update on the news and received following response from Infosys -
<em>Inaccurate reporting in a newspaper this morning</em>
<em>This morning, an article in a major daily newspaper claims that Infosys is laying off 5,000 people to manage costs. This is wrong in two different aspects.</em>
<em>One, there is no layoff. Infosys is a performance-driven company. And like any performance-driven company, it actively manages underperformance and encourages chronic under-performers to seek other jobs. This is done regularly and is not a one-time event. We have a robust performance management system that includes structured appraisals and performance feedback.</em>
<em>Two, the number that may be affected is significantly lower than the 5000 quoted in the article. For a performance- driven company with more than 150,000 employees this is part of the normal ebb and flow of running a business.</em>
[caption id="attachment_45035" align="aligncenter" width="475"]![[IMG]](proxy.php?image=http%3A%2F%2Fwww.crazyengineers.com%2Fwp-content%2Fuploads%2F2013%2F01%2FInfosys-Layoff.jpg&hash=2316ccdc340f1a46c7d5c46441e23424)
No Layoffs @ Infosys. Peace![/caption]
So, be assured that there are no layoffs happening at Infosys. The regular under-performers are being asked to leave the company, which we think is a regular practice followed by several IT companies. If you wish to discuss the update with fellow engineers, check out our discussion thread on CE Community: #-Link-Snipped-#.
<em>Inaccurate reporting in a newspaper this morning</em>
<em>This morning, an article in a major daily newspaper claims that Infosys is laying off 5,000 people to manage costs. This is wrong in two different aspects.</em>
<em>One, there is no layoff. Infosys is a performance-driven company. And like any performance-driven company, it actively manages underperformance and encourages chronic under-performers to seek other jobs. This is done regularly and is not a one-time event. We have a robust performance management system that includes structured appraisals and performance feedback.</em>
<em>Two, the number that may be affected is significantly lower than the 5000 quoted in the article. For a performance- driven company with more than 150,000 employees this is part of the normal ebb and flow of running a business.</em>
[caption id="attachment_45035" align="aligncenter" width="475"]
No Layoffs @ Infosys. Peace![/caption]So, be assured that there are no layoffs happening at Infosys. The regular under-performers are being asked to leave the company, which we think is a regular practice followed by several IT companies. If you wish to discuss the update with fellow engineers, check out our discussion thread on CE Community: #-Link-Snipped-#.
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