Bengaluru: IT giant Infosys could hand out pink slips to hundreds of mid- and senior-level employees as it carries out bi-annual performance review amid a challenging business environment.
The development comes at a time when its peers Wipro and Cognizant are taking similar measures to control costs.
Interestingly, Infosys has said it will hire 10,000 Americans in the next two years and open four centres in the US as it seeks to counter moves by the US to tighten visa norms.
“Our performance management process provides for a bi- annual assessment of performance... A continued low feedback on performance could lead to certain performance actions, including separation of an individual and this is done only after feedback,” Infosys spokesperson said.
The spokesperson did not divulge the number of people to be impacted, although reports peg the number to be in hundreds. “We do this every year and the numbers could vary every performance cycle,” the spokesperson said.