infosys layoffs

Infosys layoffs

Restructuring the Success

Presented By: Sushmita Kumari Sanjeet Singh Thakur

Agenda

• Introduction

• Milestones

• Global Initiatives

• Infosys Business Profile

• Problem in Infosys

• Resulting actions

• Future forecast

Introduction

• Infosys was founded in 1981.

• Public sector IT Company.

• Capital of over US$ 4 billion and market capital of over US$ 27 billion.

• Over 120,000 employees.

• Global offices in 30 countries.

• Development Centers in India , US,China,Australia,Canada and many more.

• 1st IT Company in India to be listed in NASDAQ ( INFY

Milestones

• 1983 - Relocates corporate headquarters to Bangalore.

• 1987 - Opens first international office in Boston, US

• 1993 - Acquires ISO 9001/TickIT certification & Goes public

• 1997 - Infosys is assessed at CMM Level 4

• 1999 - Listed on NASDAQ .21st company CMM Level 5 certification.

• 2001 - N. R. Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world.

• 2004 - Revenues reach US$ 1 billion . Infosys Consulting Inc. is launched

• 2005 -.Selected to the Global MAKE Hall of Fame

In 1996, Infosys created the Infosys Foundation. In 1997 started the "Catch them Young

Programme“. n 2002, the Wharton Business School and Infosys

started the Wharton Infosys Business Transformation Award.

Since 2004, Infosys has embarked in academic initiatives under the umbrella of a program called AcE - Academic Entente

In 2008, Infosys created 'Infosys Mathematics Prize' for excellence in Mathematics research

Global Initiatives

Infosys Business Profile

• Infosys is a leader in Next generation IT and consulting services.

• It provides IT solution to companies.

• Its main segments are BFSI, Retail & Distribution, Telecom, Manufacturing, Life sciences & Healthcare.

• Helps in streamline the business processes to make it profitable.

Problem in Infosys

Reorganization and shuffling of top management.

Not concentrating on inorganic growth.

Overstress of largest segment of Infosys i.e. BFSI.

Poor HR Policies increased Bench Strength.

Loosing in Consulting field.

Resulting Actions

• Infosys terminated nonperforming employees.

• Promotions and Salary hike was suspended.

• Suspension of recruitment process.

• Did not forecasted future growth.

• Implemented iRace Policy.

Future Forecast

Stabilization of top management will

help.

New Implemented Infosys 3.0 system will boost growth.

Improvement in economies will

increase the sale.

Thank You