Leaving the dream: Infosys battles worker exodus
Infosys Ltd, once a bellwether for India’s $100 billion-plus IT outsourcing industry, is losing its cachet as the employer of choice for a generation of young IT workers, with staff leaving at an unprecedented pace as the Bangalore-based company struggles to regain ground lost to rivals.
Current and former Infosys staffs interviewed by Reuters say morale has been dented by a series of senior management exits and worries about career prospects as the company’s revenue and pay increases grow at a slower rate than at competitors such as Tata Consultancy Services Ltd (TCS). Annual revenue in the year to end-March rose 24.2 percent, lagging growth of 29.9 percent at TCS.
Read the Live Mint news report here.