Posts Tagged ‘infosys firinginfosys hiring’

Infosys is firing its employees!!!

Friday, April 10th, 2009

 Infosys – Real Face

 

Originally Posted by Infoscion 

CRR is consolidated Relative Ranking. People who are performing similar Roles are placed in one group and ranked relatively. CRR 1 is given for the highest performer and CRR 4 indicates rank for low performer.

Assume there are 10 people in a group then there will be around 3 people in CRR 4, 3 people in CRR 2, 3 people in CRR 3 and 1 in CRR4. Some times there can be groups as small as 5 but still 1 person was asked to be put in CRR4 which is the minimum number for any group. Previoulsy only those who did not perform were put under CRR 4.

This is like if one writes an exam and the scores of the people are 100,99,98,97 then the person who got 97 is given CRR4 eventhough the difference is very small and also if one got a score of 10 then also he is given CRR4. Previously only the one who got very low score was given CRR4, this time the grading was a forced grading and the last one who narrowly missed out over others with 0.1 difference was put under CRR4.

Sadly all CRR4 are being fired irrespective of the performance.

If the same yard stick was applied to the 7 founder members of Infosys we would have had 1 founder member leaving every year for being in CRR4. Error! Filename not specified.

Thanks,
Ex-Infoscion

Sad story !

Few questions from my side.

1) How are you so sure that they are forcing managers to have some people in CRR4?

2) How are you so sure that they are asking ALL of CRR4 guys to quit?

3) Have they kept any target for no of people lay-off? If yes, what?

4) Why are they still hiring if they can’t keep existing strength/

5) What are layed-off people supposed to do? and what are they doing, if you know about some of them

  

 

 8th April 2009, 10:24 PM

 

 

 

Re: Infosys layoff : 4,500 employees?


Hi,

Please see my answers.

Few questions from my side.
1) How are you so sure that they are forcing managers to have some people in CRR4?

I was an Infoscion and I was also the appraiser for my reportees. The guideline was communicated by HR and this year they made CRR4 mandatory. This was the time when media reported that Infosys was planning to layoff people but at that time they dismissed this as a rumour and said that they did not have any such plans.
They had made 5% as Mandatory for CRR4 initially but later reduced it to 3.5%.

2) How are you so sure that they are asking ALL of CRR4 guys to quit?

I was in CRR4 ( force fit) and in my group there were only 6 people and all of us were doing equally good job. When the HR asked me to quit, I was informed that all CRR4 people were being asked to Quit.

3) Have they kept any target for no of people lay-off? If yes, what?

I believe that the target is 3,500 to 4,000 people based on firing all CRR4 and other marketing and Senior Management people.

4) Why are they still hiring if they can’t keep existing strength

Very good question. They are NOT hiring now. They had given offer letters to 18,000 people earlier and they now want to show case to the Market and Share holders that they are committed to Values and honouring the offer letters. They know that it is difficult to accomodate so many freshers as existing bench strength itself is 35,000.

They have decided to fire people starting from CRR4 and if situation worsens next target will be CRR3. There are also rumours that out of 18,000 Trainees 50% of them may be asked to leave. This is a rumour but so far all rumours are turning out to be true.!!!!

5) What are layed-off people supposed to do? and what are they doing, if you know about some of them?

They have to look for alternate jobs. I am one of the victims and I am also looking for a job. The only good thing is that they are giving 3 months salary plus other benefits like leaves encashment, gratuity, super annuation benefits etc.

Thanks,
Ex-Infoscion

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