Infosys has asked every employee to save $10 dollar each. This would result into a total savings of about $1 million for the company, says S 'Kris' Gopalakrishnan, chief executive officer, Infosys.
The company has set up a portal for employees to send ideas on how to cut costs. The move seems to have worked with the company getting over 1,000 ideas in this direction.
Infosys has also offered a sabbatical to employees who have completed two years in service. Employees will get 50 per cent of their salary during the sabbatical. They also have an option of working with NGOs.
"We will have to look at controlling our costs and expenses, making sure that we run an optimised business. We will have to look at what are the things we need to do in order to prepare ourselves for the recovery," Gopalakrishnan said.
Infosys will freeze recruitment after meeting this fiscal year's target of hiring 25,000 employees, he said. Infosys hired 16,000-17,000 employees in the first half of the fiscal year.
Infosys has over 100,000 employees.
Image: S 'Kris' Gopalakrishnan, CEO, Infosys. | Rediff.com file photograph
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