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Patni lay off 600 employees
By siliconindia
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Thursday, 10 July 2008, 18:07 IST
Bangalore: The country's sixth largest exporter Patni computers lays off 600 employees as a part of none performance issues, reported The Economic Times.
The country's sixth-largest exporter said it was part of a routine appraisal exercise that it carried out every year to weed out non-performers and not related to any slowdown issues. While industry sources put the number of lay-offs at over 600, the company confirmed the number was a shade under 400.
"This was an absolutely regular appraisal that is important for any performance driven organisation. It is something standard we do every year. Employees who have got a 0-1 rating on a scale of 5 typically form the basis for the first-level shortlist. These are performance based resignations, we've not issued any termination letters," said Rajesh Padmanabhan, executive vice-president and head-global HR, Patni. He said the comparable figure for last year was 148 employees.
