Infosys to hire 10,000 American employees

By NT Bureau Published on May 02, 2017 03:57 PM IST

Chennai: Infosys announced that it plans to hire 10,000 American workers over the next two years.

As part of this initiative, Infosys will open four new technology and innovation hubs across the country focusing on technology areas, including artificial intelligence, machine learning, user experience, emerging digital technologies, cloud, and big data.

These four hubs will not only have technology and innovation focus areas, but will closely serve clients in key industries such as financial services, manufacturing, healthcare, retail, energy and more.

The first hub, which will open in Indiana in August 2017, is expected to create 2,000 jobs by 2021 for American workers and will help boost Indiana's economy.

"Infosys is committed to hiringĀ 10,000 American technology workers over the next two years to help invent and deliver the digital futures for our clients in the United States," said Infosys, CEO, Vishal Sikka.

"Learning and education, along with cultivating top local and global talent, have always been the core of what Infosys brings to clients, it is what makes us a leader in times of great change. In helping our clients improve their businesses and pursue new kindsĀ of opportunities, we are really excited to bring innovation and education in a fundamental and massive way to American workers. New advances in technology artificial intelligence, in particular are radically transforming our world, and it is within our reach to learn these new technologies and to be the innovators and entrepreneurs who bring solutions based on these technologies to our clients in all industries."

Five mid-tier Indian IT services companies, which together employed 69,000 people (end-March numbers) and generated $2.5 billion in revenue in 2016-17, saw their aggregate workforce shrink by seven the same year, highlighting a situation created by a perfect storm of tough business conditions and increasing automation. It is a situation that has wider ramifications for Asia's third largest economy, where the $150 billion IT services business has emerged the biggest job creator in the organised sector. Bengaluru-based Mindtree Ltd and the India operations of WNS (Holdings) Ltd, which together employed 38,000 employees, saw their headcount shrink by 527 in the year ended March 2017 compared with the year-ago period, even as three other companies, Cyient Ltd, Zensar Technologies Ltd and Persistent Systems Ltd, together added 520 people to reach a total of 31,000 employees. Industry lobby group Nasscom estimates that about 3.9 million people work in the IT services business. Hiring has also slowed at larger companies, Infosys Ltd saw a net addition of 6,320 employees in 2016-17, the second lowest number added in a year since 2003.