Infosys let go 2,100 employees
Indian IT Company Infosys has announced that they are firing around 2100 workers from their operations in the Indian market.
The company said that these workers are being fired due to poor performance history.
Infosys said that the decision was taken after the annual performance appraisal exercise that was concluded last month.
A senior company representative said: “The tolerance for non-performance has come down to zero. The appraisal was conducted for 60,000 of our employees. At the bottom, some 3.5 per cent of the people were either outplaced or left the company. It’s an annual scenario after every performance assessment. In fact, normally the bottom size is 5 per cent.”
Infosys clarified that none of their trainees were fired.
|
TechWhack on Facebook
|
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.