Left without as much work for all its employees, Infosys is offering some of them an option to work with a non-profit organisation for a year and get paid half their salary by the IT major, its co-founder Nandan Nilekani has said.
"We've also launched a program where an employee can go work with a non-profit organisation for a year and we'll pay him half the salary for the duration," Nilekani told US publication Forbes in an interview published online.
Heard about this about 2 months back from insiders, but no news at that time. I think there will be layoffs in IT this year. There maybe bank auctions on flats, I think a lot of these IT people would have taken huge loans to buy flats. Their plan is to show a flat, shoot for higher dowry. It seems AP CM, YSR told the banks to not auction till elections are over.
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There's more to consider than drawn out decision -- making and hard bargaining by U.S. investments banks. One burden Infosys's cash pile can help it carry is the industry's need to retain a bench -- employees who are not gainfully engaged, but have to be kept on the rolls because new clients want immediate service. Already, a third of Infosys employees are unutilized.
http://online.wsj.com/article/SB123979716345720747.html
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