Placeholder canvas

Infosys may bid adieu to non-performers

Date:

Bangalore: Software giant Infosys, which employs as many as 1.5 lakh people, may hand over pink slips to non-performers who “did not add value” despite being plumb salaried, as it looks to cut costs and increase operational efficiency.        

Infosys executive chairman N R Narayana Murthy, said employees hired at huge salaries, but not performing, be asked to leave.

“One of my tasks was to ensure the identified people who were receiving very high salaries but were not contributing as much as we wanted, were either given opportunities where they can add value to the company or they could seek opportunities elsewhere,” he told to a news daily.

Speaking at the Bank of America Merrill Lynch India Investor Conference, Infosys co-founder said he was working on bringing a “certain level of cost optimisation” in the company.

Murthy also told analysts that Infosys would have a new chief executive by March 2015 when co-founder and present CEO SD Shibulal retires.
     

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

IPL 2024: Venkatesh, Manish Propel KKR To 169 After MI Pacers Ran Rampant At Wankhede

In the third over, Raghuvanshi punished Thushara for wavering off his line and length with a six to silence the vibrant blue waves

MEA Issues Travel Advisory For Indians Traveling To Iran And Israel

Earlier in an advisory which was issued on April 12, the MEA asked the Indian Nationals to avoid visiting the two Gulf countries amid tensions between Iran and Israel following an Israeli air strike

How Much Sleep Do We Need? Here’s What The Research Shows

It was shown that 2.2 hours is the optimal duration for both light and moderate to intensive activity, and 8.3 hours is the optimal length of sleep

T20 World Cup 2024: ICC Announces 26 Match Officials For The Tournament

The upcoming edition will mark the first time that 20 teams will participate, playing a total of 55 matches over 28 days across nine venues, making it the biggest ICC T20 World Cup in the competition's history