Infosys founder Narayana Murthy said that we should be spending big money in order to train STEM (science, technology, engineering and mathematics) teachers in India.
Infosys is making a significant shift in its work policy by requiring lower-level employees to return to the office for a minimum of ten days each month. The move is part of Infosys's strategy to bolster its return-to-office (RTO) approach and embrace a hybrid work model. Here are the details.
Infosys has allotted over 5.11 lakh equity shares to eligible employees in a bid to expand their ownership in the company. The decision comes at a time when other tech companies are laying off employees as part of cost-cutting measures. Infosys rewarded its staff with equity under two employee-related schemes, 1,04,335 equity shares were allotted under the 2015 Stock Incentive Compensation Plan, and 4,07,527 equity shares under the Infosys Expanded Stock Ownership Program 2019. Last month, the company reported weaker-than-expected Q4FY23 results but is "on the lookout at all times" for good acquisitions., Companies News, Times Now
Business Today has previously reported that Indian IT services companies Infosys, Wipro, Tech Mahindra, Mphasis, along with international companies like Accenture, Capgemini, Deloitte, and others have delayed onboarding of new recruits by over a year.
Business Today reviewed employment contracts of the top Indian IT companies like TCS, Infosys, Wipro, HCL Tech, and Tech Mahindra and also spoke to lawyers to get more insight about the same.