Mumbai, Feb 12: Indian IT major, Infosys Technologies has plans of extending the training period for people on bench from present 16 weeks to 29 weeks because of the global recession.
"We are looking at better training in these times. We have increased the training period from 16 weeks to 29 weeks," Infosys Chairman and chief mentor N R Narayana Murthy said in the proceedings of the three-day NASSCOM summit.
"The Bangalore-headquartered firm has a cash balance of USD 2 billion and can survive for one more year without any revenue," he said. "Of course, it (zero revenue) is not going to happen."
"The present crisis in the US reminds me of the 1929 depression. More signals are emanating of the 1929 depression than the 70s' one. I have a suspicion that it (present crisis) could be a longer one," he said.
He said that recovery from present crisis will take atleast 18 months. Senior Managements should take a salary cut to bring the company out of crisis, he said.
OneIndia News (With inputs from Agencies)