According to a top Infosys official, unfazed by the recent upheavals at the board, the company will continue to hire about 6,000 engineers annually over next 1-2 years, same as last fiscal.
The hiring process has been ramped up by Infosys in the US and European markets as it looks to tap opportunities and tide over visa-related issues. While speaking at an investor meet last week, Infosys interim-CEO and MD U B Pravin Rao said “We continue to recruit. This year that just concluded we had a net addition of 6,000 and we expect similar kind of additions over the next 1 or 2 years, depending on the kind of growth you see in the market."
The Bengaluru-based firm has been in the eye of a storm over the past few months, with the founders and former board members clashing over alleged corporate governance lapses and irregularities in Infosys’ USD 200-million Panaya acquisition.
The spat, which often spilled over into the public domain, led to the then CEO Vishal Sikka as well as former Chairman R Seshasayee and three other board members quitting. Co-founder Nandan Nilekani was named the non-executive Chairman in a move that was seen as the company bowing to the demands of co-founders and large institutional investors.
After Sikka’s exit, Rao assumed the additional charge as interim CEO and MD. Rao said over one million graduates pass out each year, which may look like a large number but only 20-30 per cent of that is quality talent. “(This is the number that) we and our competitors focus on...It is a question of doing more with less, how can one be more productive,” he said while answering a query on whether increasing automation would result in job losses.
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