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Infosys may bid adieu to non-performers

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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.
     

 

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