Poor economy no excuse for lay-offs: Murthy

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Poor economy no excuse for lay-offs: Murthy
Mumbai, Nov 27: Infosys' chief mentor N R Narayana Murthy on Friday, Nov 27 said the layoffs are an inevitable aspect of the corporate world, but a poor economy should not be an excuse to cut jobs.

Speaking to reporters on the sidelines of an industry meet, Murthy said, "In today's economic downturn, the challenge lies in having the courage to set an example that responsible profitability is a realistic achievement. By using data to demonstrate that it is possible to preserve jobs while innovating to increase profits, productivity and efficiency."

According to Murthy, "It is simply too risky to pour money into projects or assets that may or may not yield the desired results."

"Therefore, from the perspective of resource management, there is a compelling case to be made for creative thinking and innovation to create new productivity and efficiency solutions from existing resources," he added.

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