Statement: Inaccurate reporting in a newspaper this morning
This morning, an article in a major daily newspaper claims that Infosys is laying off 5,000 people to manage costs. This is wrong in two different aspects.
One, there is no layoff. Infosys is a performance-driven company. And like any performance-driven company, it actively manages underperformance and encourages chronic under-performers to seek other jobs. This is done regularly and is not a one-time event. We have a robust performance management system that includes structured appraisals and performance feedback.
Two, the number that may be affected is significantly lower than the 5,000 quoted in the article. For a performance-driven company with more than 150,000 employees this is part of the normal ebb and flow of running a business.