Infosys Technologies has fired 2,100 people across the country, after an annual performance appraisal exercise concluded mid-March.

TV Mohandas Pai, head of the company’s HR, said 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 per cent 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 per cent,” 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 appraisal exercise. During quarter ending December 31, the company had a total headcount of 1,03,078.

A quarter ago Infosys had said it would hire 26,000 people during fiscal 2008-09, more than what it had projected in the beginning of the year. During the third quarter, the company made a gross addition of 5,997 with the net intake being 2,772.

India’s biggest software
exporter by sales, Tata Consultancy Services (TCS), will lay off less than a percent of its global workforce
over the next few months, as these employees failed to meet performance standards, a company spokesperson said. This roughly works out to 1,300. The company has a total employee count of around 1.3 lakh.

IT companies are adopting stringent appraisal, cost-trimming and productivity-boosting measures as they grapple with the global economic slowdown.

TCS employees said on condition of anonymity that layoffs have started at the company’s development centres in Chennai, where over 200 employees have been asked to leave in the last fortnight.

When contacted, a member of the TCS corporate communication team confirmed the development but did not put a number or place to it.

Source : Times of India
http://timesofindia.indiatimes.....240932.cms

As part of cost cutting measures to tackle global economic downturn, IT major TCS on Thursday said job cuts are possible and also ruled
out salary hikes next year.

TCS managing director S Ramadorai said “there would be no hike in salaries in the forthcoming year” and added that “job cuts are possible if the situation worsens”.

Adding further that TCS has frozen “lateral intake” he said the company is reviewing variable pay component on employee salaries.

Now-a-days this has become common thing. Do not expect any salary hike this year. Worst case prepare for the cut the in the salary. Logically it is good to take a pay cut, as you will be still having a job, and in next year or two you will start getting good salary. Then you can cover the backlog.

Hope for the Best,
Satish
http://www.portalseven.com

Today HCL technologies confirmed the layoffs of 450 people.
Most of the laid employees were on the bench.

There are unofficial news coming of the same type.
If you are on bench for more than 2 months, there is greater chance of getting the priority in the layoff list.

This has led to a hidden fear in employees mind. If project are getting to the deadline, employees are starting to look for next project. Even they are getting ready for relocation.

Hope fully the current crisis gets over ASAP and people can have peace of mind.

Lets hope for the best.

Be Brave,
Well wisher.

NEW DELHI: Putting employees under performance scanner seems to be the new thing at IT companies. The country’s largest software company TCS has
reportedly put its 1,000 employees under performance scanner.

The Mumbai-based IT company joins its smaller rival Infosys which too has put around 5,000 of its employees under the so-called performance scanner.

Incidentally, TCS spokesperson denied that the company’s performance improvement plan is any different this year than previous years. The spokesperson claimed that this is an annual exercise to ensure that we continue to drive delivery excellence for our customers. Less than 1% of our workforce has been put under the scanner in the current fiscal.

Last year, the company had asked 500 employees to leave after a similar performance improvement plan.

Recently, in a client note, brokerage CLSA Asia-Pacific Markets said that TCS has seen project cancellations in the last four weeks. Quoting TCS chief financial officer S Mahalingam, CLSA said that the company sees slowdown in demand bottoming out in the March quarter and expects a recovery in the June quarter.

In Infosys case, the company has asked senior managers (project managers, senior and group project managers, delivery managers) to give lowest performance rating (4 on a scale of 1-4) to the ‘underperforming’ 5 per cent as a part of its consolidated relative ranking (CRR). Though lowest rankings are not new in the company, this is the first time that Infosys has made it compulsory.

Some 40-50 sales executives at Infosys too have been reportedly asked to quit in the last two months. Most of these were located in the US and were from consulting background.

Source : Times of India