Infosys plans no lay offs; to go on with recruitment

NOT YET HIT: Infosys sees the US stimulus packages, H1B visa restrictions as no hindrance yet.

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Chennai: IT major Infosys has no plans to lay off its employees and is going ahead with placement of all the 18,000 candidates who were extended offer letters.

"No, we do not have any plans," Infosys Chief Executive Officer and Managing Director Kris S Gopalakrishnan told reporters here when asked whether the company had any plans to lay off as a result of the economic meltdown.

Gopalakrishnan said the company would continue to honour the job offers it had made in the past. "We have made 18,000 job offers in the past (year) and by July this year, the new candidates would start joining," he said.

He said the company had decided to extend the training period from the current 3.5 months to 4.5 months.

"We have extended it by adding another four weeks to it as there is adequate time available and utilisation level is also low," he said.

He said they were implementing the new time duration for the existing new recruits as well.

Asked about the US Government's decision on restriction of H1B visas and the stimulus packages, he said, "Right now, I see there is no impact. One has to wait and see before coming to any conclusion," he said.