Infosys fires 2,100 for poor performance

P@$$iØÑ\/@i(3H@\/ — Sat, 11 Apr 2009 07:31:10 +0000

Infosys Technologies has fired 2,100 people across the country, after an annual performance appraisal exercise concluded mid-March. TV Mohandas Pai, head of the company’s HR, told TOI that based on the performance, 2,100 employees had left Infosys. “The tolerance for non-performance has come down to zero,” said Pai.

“The appraisal was conducted for 60,000 of our employees. At the bottom, some 3.5% 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%,” he said. Trainees were not part of this exercise.

Outplacement is a new jargon used by enterprises, which means off-loading excess/unwanted staff to another employer. However, outplacing is not a viable option in the current scenario where few jobs are available in the market.

Infosys currently has an employee base of 1,05,000 which includes 45,000 trainees who were not part of this appraisal exercise. During quarter ending December 31, the company had a total headcount of 1,03,078.

A quarter ago Infosys had said it would hire 26,000 people during fiscal 2008-09, more than what it had projected in the beginning of the year. During the third quarter, the company made a gross addition of 5,997 with the net intake being 2,772.

Infosys has made offers to around 20,000 engineering graduates for the current year. The company has been vocal about honouring all the offers it made to freshers. Infosys’ earnings for 2008-09 will be out on April 15.

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Indian IT market to grow by 18%

P@$$iØÑ\/@i(3H@\/ — Fri, 13 Jun 2008 17:50:25 +0000

The Indian IT market is expected to grow by 18 per cent in the year 2008 to reach $38 billion, clocking second highest growth rate after China’s which is likely to attain a 20 per cent growth and touch USD 138 billion in size, as per the latest research data released by Forrester.

The report by the research firm calls this double-digit growth as a welcome news for technology vendors – who see slackness in the US and European markets, and advises them to now recognise India as a consumer of IT than just a supplier.

The report – the State Of A-PAC Enterprise Technology Adoption: 2008, gives highlights of data collected from 777 companies in the Asia Pacific region via Forrester’s Enterprise Technology Adoption Survey (Asia Pacific, Q4 2007).

These 777 companies were of the 1000-plus-employee size from countries such as Australia, New Zealand, India, Korea, Singapore, Japan and China.

Forrester’s Sr Analyst – Jonathan Brown, who authored the report, said: “the IT sector has long looked to India for top-drawer technology talent. But India is poised to become an increasingly important market for technology vendors as its population comes of age (half of India’s population today is under 20), its rural areas become increasingly developed, and its engagement with the US increases”.

“It’s time the tech vendors no longer treat India as merely a skilled talent pool but also as a lucrative market in its own right”, he said.

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Infosys fires 2,100 for poor performance

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