5000 Infy employees come under scanner

BANGALORE, INDIA: The Indian IT giant, Infosys Technologies, which till now has been away from layoffs, recently have put about 5,000 of its global work force under the scanner.

As per the media reports, the IT major has asked its senior managers to give lowest performance rating to the ‘underperforming’ 5 per cent as part of the company’s consolidated relative ranking (CRR). Infosys has around one lakh employees globally.

“We have a performance management system in which people are categorized into various groups,” said an Infosys spokesperson, responding to the media reports.

“We have a personal development plan to improve their performance. If they don't improve even after them being part of the program, we let them go,” she added.

However, this is the first time that the company has made the non perfomance ranking mandatory, claim the media reports, though Infosys said this is a routine process.

Infosys sources said the company is planning to implement a six-month mentoring program for the affected employees, after which a decision will be taken based on their improvement.

The company while announcing its last quarter results has also said that it will continue with the hiring process for this year.

Meanwhile, the IT major said that the company is confident to meet its fourth-quarter revenue target and expected to pull in revenue of $1.13-1.17 billion for the March quarter.

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