BANGALORE, INDIA: Indian software major, Infosys Limited, clarified on Friday a report suggesting that it might lay off up to 5,000 of its underperforming employees.
Just a week ahead of its third quarter results for 2013 (Q3 FY13), the news doesn't seem to have gone down well with the second largest software exporter from India. So much so, it has opted to break its silence, during the customary silent period observed by several IT organizations before the results announcement.
On Friday, an Economic Times article stated quoting 'familiar sources' that Infy had asked the worst performers, about 3-4 per cent of its more than 1,50,000 workforce, to leave straightaway.
Responding to it, Infosys has issued a clarification, stating that the information was inaccurate and wrong on two counts: "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."
Apparently, the trimming-down process is a recurring one and couldn't be singled out. "We have a robust performance management system that includes structured appraisals and performance feedback," the company added.
Another aspect it highlighted is that it is not 5,000, but "the number that may be affected is significantly lower."
It concluded, "For a performance-driven company with more than 150,000 employees, this is part of the normal ebb and flow of running a business."
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