- 14 Jun 2022
- ICICIdirect Research
Infosys to set up four new offices
INFY - 1944 Change: 10.35 (0.54 %)News: According to The Economic Times, Infosys is setting up 4 new offices in tier II cities . Krishnamurthy Shankar, group head of human resource development has said that since many of the young employees are recruited from tier II cities, it will provide an opportunity to attract talent from across the country & provide them opportunities to work closer to home. The offices have atleast a capacity of 1000 seats & can be expanded further. This offices will be ready by Q2FY23.
Views: Since attrition in the IT industry is at an all time high and the companies are trying various initiatives to attract and retain talent, this move could help Infosys to manage its attrition rate, to some extent. This is in line with their efforts at pyramid optimisation, which will be able to support margins in the medium to long term.
Impact: Neutral