Despite the recent upheavals at the managerial level, Infosys has declared that they will be hiring around 6,000 engineers annually over next two years. According to the information provided by the officials, there will be no drop in hiring.
Infosys interim-CEO and MD, UB Pravin Rao, said that the hiring for upcoming years will depend on the market growth. Infosys has also declared that it will be accelerating the hiring process in the US and European markets. This is one of the steps that have been taken to tap opportunities and overcome visa-related issues.
Infosys has been facing a lot of internal disputes over alleged corporate governance lapses and anomalies in Infosys’ USD 200-million Panaya acquisition. Various board members and co-founders argued and as a result of this the then CEO Vishal Sikka, former Chairman R Seshasayee and three other board members resigned from their posts.
After this major rift in opinions at Infosys, Rao assumed the charge as interim CEO and MD. He said that out of the one million graduates that pass out every year, the organization is targeting only 20% to 30% of the top graduates.
Although Infosys does not provide country specific headcount, it has a total of 1,98,553 employees as of June 2017. In this quarter the company recruited 8,645 candidates at a gross level, however, its overall headcount was reduced by 1,811 (net).
Earlier this year, Infosys had announced that it will be hiring 20,000 candidates (gross) in 2017 and that international hiring will be stepped up. On being asked whether it will affect the local hiring, an Infosys official stated that it will be in favour of a healthy mix of local and global personnel.
Although this might increase the operational costs for IT companies that rely on outsourcing, the organization is also planning to start innovation and development hubs in the US as it is one of the largest market places for Infosys and it peers constituting 61% of the total revenue as of 2017.
Rao also added that they will continue their agenda for taking up selective local projects as they have faced pricing challenges and payment issues.