An Indian multinational information technology company, Infosys is committed to maintaining flexibility for its workforce.
Moreover, The company noted that more employees have been returning to the company’s campuses each week. Currently, over 70 percent of employees have already returned to the office.
The company has seen a dip of 7,530 in its headcount over the second quarter of FY24, taking the total headcount to 328,764.
Additionally, Infosys to roll out wage hikes for employees from November 1. The company will skip campus hiring this year as it has a ‘way to go’ on utilization. However, it is monitoring the situation every quarter.
Infosys Nilanjan Roy, Chief Financial Officer (CFO) said, “Wage hikes are announced and will be rolled out from November 1 across all employees.”
“Last year, we hired 50,000 freshers and hired ahead of demand…we still have a significant fresher bench… we are, of course, training them on Gen AI…but we still have a way to go on utilization, and at the moment are not going to campuses as yet…we will monitor this every quarter looking at our future projections,” he added.
The founder and CEO of Australian software company Atlassian, Scott Farquhar doesn’t mandate its employees to Return to Office.
Founder and CEO of Australian software company Atlassian, Scott Farquhar said, “I work from home all the time.”
“I might come into the office about once a quarter… I still work really hard and I work with the teams who are around the world and Australia”, he added 60 Minutes Australia.
“We expect people to be able to work from their homes, a cafe, from an office… we don’t really care where they do their work”, Atlassian CEO further added.
Earlier, Cognizant said that they are not mandating its employees to return to the office.
“We did express that social capital is important as we have freshers in the mix who will need hand-holding. It won’t be impactful if the managers don’t come to work. We will have a more natural progression of return-to-work,” Cognizant CEO Ravi Kumar S said during an earnings call on Thursday.
“Our flexible return to work is actually helping us get in more women to work as opposed to affecting them,” CEO Ravi Kumar added.
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