Two top execs quit Infosys mere months after its president skipped
Infosys admitted to 80 percent utilization rates in its latest earnings report – a figure CFO Nilanjan Roy referred to as"probably one of the lowest I've seen." The workforce shrank by 3,511 across the quarter to stand at 343,234. Net hiring was down even though it took on 51,000 freshers.
Parekh said the services giant was leveraging generative AI capabilities both for clients and for internal purposes. That's been interpreted as a signal that Infosys may be looking for alternative to human staff, who have reportedly been called back into the office for at least three days a week.inquired about Infosys's return to office policy and did not receive a reply. We'll update this story if that changes.further tough times for all of India's services giants.
The authors of the investment bank's report referred to all of calendar 2023 and financial year 2024 as"a washout."
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