City
Epaper

Infosys fires non-performing techies

By IANS | Updated: November 5, 2019 20:40 IST

Global software major Infosys has terminated the services of non-performing employees at multiple levels as part of its involuntary attrition, a company source said on Tuesday.

Open in App

"As a high performance organisation, involuntary attrition is integral to normal course of business and this (sacking) should not be interpreted as any mass trimming across any level in particular," said the city-based IT behemoth in an e-mail to here.

Terming a media report on involuntary attrition speculative with unofficial numbers (data points), the source clarified that the company was not laying off thousands of its employees at multiple levels.

"The media report is a mere speculation and sensationalisation with wrong data points, which the company never shared," the source asserted.

Involuntary attrition, a jargon used by the companies for firing or sacking employees for not measuring up to its expectations or high standards of performance, has been taking place at the company over a few quarters.

"This is not laying off, if you don't perform for two years or two quarters or whatever then you are asked to go, it's a performance related thing," the source pointed out.

Infosys rival, Wipro, also based in this tech hub, regularly discloses quarterly in its employment metrics the number of software engineers who resign on their own for various reasons and those who quit involuntarily when they are found non-performing.

"We don't hand over pink slips to our employees. We can't share the data as they are internal processes. We don't tell our people you are redundant and hence can leave tomorrow," affirmed the source.

Unlike other firms the world over, the $11-billion Infosys gives its non-performing techies sufficient time to shape up before being asked to go.

Clarifying that disruptive technologies were not factored in assessing the performance of its geeks, the source said "it is a cool narrative but that is not what it is."

The outsourcing firm's consolidated attrition rate on an annualized basis declined marginally to 21.7 per cent for the second quarter (July-September) of this fiscal (2019-20) from 23.4 per cent a quarter ago and 22.2 per cent a year ago.

The company sequentially added 7,457 techies in the quarter under review (Q2) and a whopping 18,747 employees on an yearly basis from the same period a year ago.

The company's headcount is 236,486 as against 229,029 a quarter ago and 217,739 a year ago.

(Sharon Thambala can be contacted at thambalasharon@gmail.com)

( With inputs from IANS )

Open in App

Related Stories

LifestyleToday's Horoscope, April 6, 2026: Check Your Zodiac Sign's Predictions and Birthday Forecast

InternationalUS rescue of downed airman in Iran involved deception, high-risk operation

OpinionsRein in War Profiteers!

InternationalAU, partners warn Middle East conflict poses 'serious risk' to African economies

NationalAmit Shah, Rahul Gandhi to arrive in Chennai today for high-stakes election campaign

कारोबार Realted Stories

BusinessOPEC+ nations to ramp up oil output in May amid global energy crisis

BusinessPakistan brazenly violating EU terms for tariff-free garment exports

BusinessGovt launches programme to train scientists in Governance under Mission Karmayogi

BusinessBank profits set to rise in Q4 on strong loan growth, higher fees: Report

BusinessNMDC hikes iron ore prices from April 5