Bubble to thwart trouble

Infosys recently launched 'Infy Bubble', an internal social networking site is supposedly a platform for disgruntled Infoscions to vent on. The site mirrors Facebook and allows employees to connect across borders with colleagues as well as bicker about anything they want.The IT giant seems to be learning its lessons finally. Troubled with a very high attrition-rate (some 7000 odd employees have reportedly left during April-June 2011 period) and unimpressive performance ending quarter June 2011, the wisdom seems to be prevailing finally.

Comparative Financial Performance of TCS and Infosys (quarter ending June 2011)*
	TCS		Infosys
	Quarter ending June 2011 (figures in Rupees Crore)	Percentage Growth YOY	Quarter ending June 2011 (figures in Rupees Crore)	Percentage Growth YOY
Net Sales	10797.02	31.39%	7485	20.8%
Operating profit	2824.92	25.67%	1952	11.23%
Consolidated Net profit	2414.76	26.69%	1722	15.7%
Total Employees	198614		133560
Attrition Rate	14%		17.5%

*Data are to the closest approximation, based on published open sources.

Not too long back there was a huge issue of infoscions baring their feelings in the social networking sites over the controversial iRACE. At that time the company took a strong exception and went to the extent of introducing a social media rule book to tell employees what they can share and what not on the social media (read my extensive article on this Policing social media isn't a smart policy). However the company has perhaps realized that this way cannot be for long in today era of  competitiveness.
And so this bubble (an attempted internal PR exercise) for a change is expected to thwart the trouble that the company finds itself in today.