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The Indian Herald

The Indian Herald
TOP STORY

April 13, 2009

IT major Infosys sacks 2,100 employees

India's leading IT company Infosys Technologies that has earlier been labelled among India's best employers has fired 2,100 employees after the performance appraisal.

The company has now held that due to the ongoing economic recession, Infosys management has decided to implement zero tolerance policy for non-performers among its staff.

The decision was taken after the recent performance review. Infosys had 1,05,000 employees including over 40,000 trainees. However, the appraisal was meant for the 60,000 regular employees.

Apart from 3.5% job cuts, the variable salaries of the top executives have also been curtailed. Infosys is among India' leading software firms along with Wipro and TCS. NR Narayan Murthy had founded the IT company.

TIH Bureau

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