Bengaluru Infosys Ltd’s chief operating officer UB Pravin Rao has assured employees that the management isn’t planning any layoffs, and only under-performers may be asked to leave. Infosys has already placed more than 3,000 of its 30,000 senior employees (Rank of JL6 and above) in the category of employees needing improvement. Additionally, Infosys also put on notice another 3,000 junior employees, making many believe that the company could ask 6,000 employees to leave the firm in the current year. For now, Infosys declines to comment on how many employees have been asked to leave in the current quarter. “Our performance management process provides for a bi-annual assessment of performance,” a spokeswoman for Infosys said.

Source: Hindustan Times May 12, 2017 19:18 UTC