Infosys urges employees to save $10
In a cost cutting drive, Infosys has urged it’s employees to cut cost atleast by $10.
“If each one of us is able to identify a savings of even $10-not just per day or per month-but $10 as a one-time effort from each one of us, that would translate to a saving of close to $1,000,000-which is a substantial amount.
I urge each one of you as a key stakeholder of the company’s success, to examine your work environment and look at opportunities that will optimise utilisation and control expenditure. What may appear to be an insignificant saving at the ground level, may well add up to substantial savings when aggregated at the regional or global level ” – Infy CEO (internal mail to employees).
Infosys earlier launched an interesting initiative that rewards employees who reach office before 8 AM (i.e. beat traffic and that hopefully results in increased productivity) – the major impact for Infosys is that buses spend lesser time on the road and the firm saves Rs 20,000 per day in fuel costs!
Surely a few things that one can always learn from Infy.
How are startups controlling costs? I know of couple of smart startups who are setting up operations in Jaipur, Ranchi and other Tier-II cities.
Recommended Read: Money Saving Tips for Entrepreneurs
It really gives us insight why infy differ from other companies like wipro, tcs. A good initiative I must say (inplace of layoff).
Watch out for big collapse in Quater Result this Dec end. Jan will be very pain. Job loss and Stock mkt crash.
I have an example of Instablogs who were earlier running there operations from Delhi ,but eventually shifted to shimla to cut cost as a result they are one of the most profitable startup around.
I commend this move from Infosys. Cutting cost is always good. But it is not a long term strategy.
Rather it is high time to innovate on the business model. The majority of IT industry is using the same old model of onsite-offshore model. Really no innovation on the business model. Infosys was using the same model 25 years back and even now. So where is the change?
I would suggest infosys to use its main power, people, and innovate in the business model to leap to the next level. I have written an article based on this. How about Infosys being Venture Technologists or VTs? Read more on this http://rashmiranjanpadhy.com/2008/12/02/it-is-time-for-venture-technologists-or-vts/
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