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Never heard or seen Massive Layoffs: Infosys Founder
By: Tupaki Desk | 6 Jun 2017 9:26 AM GMT
Infosys co-founder Kris Gopalakrishnan told he never heard of massive layoffs or witnessed it in the IT Industry. The former CEO of the IT Major informs there won't be much new recruitments and promotions if growth slows down. He also stresses there is no need for people at the highest level & even performance evaluations will be tougher in such cases.
Mr.Gopalakrishnan says the correction that's happening now is very common and something similar to what happened during the crisis in 2001 and 2008. He claims to be against the idea of forming a union in the IT Industry saying, 'Union makes sense if somebody is working in a factory not in an IT Firm. In IT Industry, Employees are paid well and they always have the options to change jobs'.
When quizzed about Infosys co-founder NR Narayana Murthy's statement 'Jobs of Youngsters can be protected if Senior Executives take pay cut', Gopalakrishnan replied: 'There is no such thing like massive layoffs. I don't comment on Murthy's statement'.
Finance Minister Arun Jaitley opined layoffs are bound to happen when technologies change or due to economic factors. He, however, is optimistic about it: 'When Jobs are lost here, It will be created elsewhere. More jobs will be created if Indian Economy continues to grow at around 7.5%'.
Mr.Gopalakrishnan says the correction that's happening now is very common and something similar to what happened during the crisis in 2001 and 2008. He claims to be against the idea of forming a union in the IT Industry saying, 'Union makes sense if somebody is working in a factory not in an IT Firm. In IT Industry, Employees are paid well and they always have the options to change jobs'.
When quizzed about Infosys co-founder NR Narayana Murthy's statement 'Jobs of Youngsters can be protected if Senior Executives take pay cut', Gopalakrishnan replied: 'There is no such thing like massive layoffs. I don't comment on Murthy's statement'.
Finance Minister Arun Jaitley opined layoffs are bound to happen when technologies change or due to economic factors. He, however, is optimistic about it: 'When Jobs are lost here, It will be created elsewhere. More jobs will be created if Indian Economy continues to grow at around 7.5%'.
