- SOURCE: EquityPandit.com | Written by
Abhishek Parakh on April 11, 2009 at 12:01 pm
Infosys Technologies has fired 2,100 employees across the country, after an annual performance appraisal exercise concluded mid-March.
Mohandas Pai, head of the company's HR, told that based on the performance, 2,100 employees had left Infosys. "The tolerance for non-performance has come down to zero," said Pai.
"The appraisal was conducted for 60,000 of our employees. At the bottom, some 3.5% of the people were either outplaced or left the company. It's an annual scenario after every performance assessment. In fact, normally the bottom size is 5%,'' he said. Trainees were not part of this exercise.
Infosys currently has an employee base of 1,05,000 which includes 45,000 trainees who were not part of this ...