Many Techies At Infosys Face Axe
Bengaluru: After Wipro and Cognizant, now it is the turn of Infosys!
IT would be a bad weekend for many techies working for IT major Infosys as the company has in principle decided to fire many of them in the name of a�?non -performancea��.
It is necessitated following the companya��s decision to hire at least 10,000 US professionals as part of doing its business smoothly in America. To pave way for them, the Indian techies will be sent home, according to a report.
“A continued low feedback on performance could lead to certain performance actions, including separation of an individual,” said a statement from the Bengaluru headlines quarters of the company.
“Performance assessments are done with reference to the goals individuals have on business objectives and other strategic priorities, asserted the company stated in the statement..
Though the outsourcing firm declined to mention how many pink slips it would hand out, sources said they could be in hundreds at middle and senior levels, working in its development centres across the country and a few in its overseas offices or subsidiaries.
The proposed sacking by the company follows similar layoff moves by rivals Wipro, TCS and Congnizant.
Infosys’ ‘hire and fire’ policy comes months after a whopping 37,915 engineers left the company and its hiring plunged 65 per cent in the last fiscal 2016-17, due to increasing automation and thrust on artificial intelligence in its operations and projects.