Lay-offs in IT sector have been blown out of proportion: Infosys HR head

The recent lay-offs at firms such as Wipro, Cognizant, Tech Mahindra, etc sent ripples across the IT sector.

However, Infosys HR Head Krishnamurthy Shankar said the job cuts were blown out of proportion.

Shankar said employees have to keep re-inventing and deliver high-quality performance rate.

At Infosys, Shankar told ET, attrition is at 13.8 per cent and involuntary attrition, meaning those who are asked to leave for performance and value mismatches, is at 1.3 per cent.

Infosys plans to hire 24, 000 employees in India, half of which will be freshers.

Also, the company is encouraging managers to bring disruptions and changes in the work front. Infosys has come up with MaQ (manager quotient), which utilises crowdsourced feedback and analytics to personalise the learning journey.

The programme uses data culled from company surveys through the year, exit interviews and employee feedback to allow managers to see how they are doing on certain core competencies.

This is not the first time when Infosys has taken this kind of initiative. Last year, Infosys launched Compass, a digital platform that allows employees to mobilise available opportunities on career growth, learning and networks.

Infosys’ Zero Distance programme is already doing well which aims at innovation in all projects the company is running.