Saturday, April 18, 2009

Infosys employee commits suicide for job loss fear


Abhijeet Mukherjee a 23-year-old trainee at Infosys's Mysore Campus has committed suicide for the fear of failure in the company's performance assessment tests. Infosys Technologies, India's second largest IT bellwether had sacked 2100 employees recently for non-performance and has hinted at more sacking on ground of non-performance. Company's HR head, T V Mohandas Pai had earlier said that there will be "Zero Tolerance" this year for the non-performing workers.
Infosys currently employs close to 90,000 people and is often touted as one of the finest IT organizations in India.

Currently, global economic slowdown has severely impacted the company's revenue basket and the company is trying to mitigate the slowdown impact by freezing employee increment and other belt tightening steps like-increasing the probationary period for the new recruits by two months.
In its quarterly result Infosys has reported that it has lost 4 clients and its top 10 clients has slashed their IT budget by atleast 10 per sent. In the current economic scenario the company is exerting more pressure on its existing workforce and has virtually freezed all new recruitments.

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