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

NewsMobile Morning Brief

Rahul Gandhi Files Nomination From Rae Bareli Congress leader Rahul...

IPL 2024: Venkatesh-Manish’s 83-Run Stand, Mitchell Starc’s Pure Pace Inspire KKR To Win Over MI

KKR ended their 12-year wait for a win at the Wankhede stadium with a 24-run win to edge closer to the playoff spots

Canada: Indian Couple, Grandchild Killed During Police Car Chase

Ontario police were pursuing a liquor shop robbery suspect who was travelling the incorrect way when he collided with a car carrying an Indian family

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