Tuesday, February 3, 2009

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Infosys cuts US staff, forms service alliance with Microsoft

Infosys Technologies, India's second largest software exporter, is reported to have slashed its US workforce amidst a slackening of business and falling margins in the fourth quarter of the current financial year.

Infosys also announced the launch of a centre of excellence in alliance with Microsoft for supply chain management as it bids to cut costs. The two will jointly market solutions and services.

The company, which reduced its on-site employees in the US, is also planning to reduce variable pay-out to its employees worldwide expecting a further dent in US demand.

The company did not detail the number of people who have so far been asked to quit or those who have voluntarily gone under this category.

Infosys, however, said its hiring plans are well on track and may hire well over 25,000 people this fiscal, depending on the company's prospects.

The company, which had around 103,000 employees on its rolls as of end-December 2008, hoed to end the year with 106,000 employees.

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