IT major Infosys has pledged to add 10,000 jobs to the United States over the next few years, but engages a similar number of people in India in less than two quarters, said its executive director, Vishal Sikka.
Stating that hiring in the US will not affect his recruitment plans in India, Bengaluru said he has launched campus offers for 19,000 people.
“We have absolutely no hindrance in hiring India. We have talked about hiring 10,000 US employees in two years, doing 10,000 jobs in India in less than two quarters,” Sikka told reporters here.
Infosys COO UB Pravin Rao said that more than 1,000 people joined Infosys in the April-June 2017 quarter.
“We made deals for 19,000 people to join this year, we expect 12,000-13,000 to join … Engaging in the US has no impact on our employment in India,” Rao said.
Infosys had 1,98,553 employees at the end of June. This is, however, lower by 1,811 people, compared to the March quarter.
Infosys CFO MD Ranganath said the company announced “a very healthy variable payment” at levels that affected its margins by about 1%.
The company will launch salary increases this month, but did not disclose the amount.
Ranganath said the number of employees increased by only 0.8%, company revenue grew by 6.3% over the previous year.
IT companies are increasingly moving towards automation, trying to increase their revenue without necessarily recruiting more people.
Interestingly, Infosys – at the 36th edition of its 36th annual meeting last month – said that over 11,000 jobs had been released due to automation.
This happens at a time when there are concerns about large-scale redundancies in companies such as Tech Mahindra, Wipro, and Infosys. The $ 150 billion sector is one of the nation’s largest employers.
However, companies have argued that there are no mass layoffs and that employees who have been asked to leave are part of the annual elimination of those who are not performing.
Sources input : PTI
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