After Cognizant IT giant Infosys fires techies at multiple levels
New Delhi, Nov 06: After Cognizant now Global software giant Infosys has terminated the services of non-performing employees at different levels as part of its involuntary attrition, a company source said on Tuesday.
Infosys, however, did not yet reveal how many such employees were fired in recent times.
What is involuntary attrition?
The involuntary attrition, a jargon used by the companies for firing or sacking employees for not measuring up to its expectations or high standards of performance, has been taking place at the company over a few quarters, and especially in IT firms.
According to report, it is said that this is not the laying off, employees were fired based on their performance. In a performance-related thing after a duration of two years or two quarters when performance is zero then one is asked to go.
Infosys
rival,
Wipro,
also
based
in
this
tech
hub,
regularly
discloses
quarterly
in
its
employment
metrics
the
number
of
software
engineers
who
resign
on
their
own
for
various
reasons
and
those
who
are
asked
to
quit
when
they
are
found
non-performing.
Several IT firms also affirms that they don't hand over pink slips to their employees. They can't share the data as they are internal processes. They don't tell their employees that they are redundant and hence can leave. Before this involuntary attrition they give enough time to their employees to improve their performances.
Unlike other firms across the globe, the $11-billion Infosys also gives its non-performing techies sufficient time to shape up before being asked to put down the papers.
The outsourcing firm's consolidated attrition rate on an annualized basis declined marginally to 21.7 per cent for the second quarter (July-September) of this fiscal (2019-20) from 23.4 per cent a quarter ago and 22.2 per cent a year ago.
Infosys investors lose Rs 53,000 crore as shares tank amid row over CEO
Infosys joins US-based NRI-promoted Cognizant which reportedly decided to fire about 7,000 jobs and shun content moderation business.