ETEducation’s Post

In the fiscal year 2024, the Indian IT sector led by behemoths such as Infosys, Tata Consultancy Services, and Wipro, encountered a confluence of challenges and strategic pivots. Notably, the sector faced a collective headcount reduction, a downturn in the US revenue, a fluctuating performance in the BFSI sector, and a paradox of rising deal wins not translating into equivalent revenue growth. This complex scenario unfolded alongside proactive strides into artificial intelligence and #GenAI, areas that both promise future gains but are currently shadowed by a cautious market outlook.

If making targets can make you successful, every CEO in the world will be successful. Target is the starting point. It is what will you do differently to achieve this target matters more. Pushing people to do better is not a strategy and may not give results beyond a point. Throwback from the past: Vishal Sikka in 2015 made Infosys 2020 target to achieve $20 billion ($8.7 billion then) in revenue at 30 per cent net margin (23 per cent then) and revenue per employee of $80,000 ($49,000 then). Reality: After Infosys successful turnaround 2017-2023, in 2024, Revenue is $18.6 Billion with 20.7% Margin and Revenue per employee ~ $59K) #EIIRTrend #CEO #Target #ITServices #Strategy https://lnkd.in/gtqU5-ub

#Workplace #Ephiphanies with Pooja Episode 4 I read a mail:- The headcount at top 3 IT firms (TCS, Infosys and Wipro) has fallen by 64,000 in the last 1 year suggesting a worsening placement scenario. The world is embroiled in political turmoil and skills have seen a slide like never before. What is the end-goal of education? What does fruitful employment mean? Bigger package or #mentalhealth or both? Is both ever achievable? Episode 3 https://lnkd.in/dyEaBXHu

𝗜𝗻𝗳𝗼𝘀𝘆𝘀 𝗖𝗘𝗢 𝗦𝗮𝗹𝗶𝗹 𝗣𝗮𝗿𝗲𝗸𝗵'𝘀 𝗣𝗮𝘆 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝘀 𝟭𝟳% 𝘁𝗼 $𝟳.𝟵 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗙𝗬 𝟮𝟬𝟮𝟰 Infosys CEO Salil Parekh's compensation rose 17.3% to 662.4 million rupees ($7.9 million) in FY 2024, driven by increased stock options exercised. His fixed pay was 74.7 million rupees, with 197.5 million rupees in bonuses and incentives. Despite the slowest revenue growth in Infosys's history, Parekh remains one of the highest-paid Indian IT CEOs. In comparison, TCS CEO earned 253.6 million rupees, the lowest among top Indian IT firms. #finance #news #Infosys #CEO #ITIndustry Source:- https://lnkd.in/dnAQgixs

Bridging Generations: The Robotech Story In Bangalore, the young techies at Robotech often took breaks in their modern lounge, while the older employees chatted on the rooftop canteen, reminiscing about the company's early days. The two groups rarely mingled, assuming the other wouldn’t understand their experiences. One day, the HR team announced a project: "Robotech: Then and Now", aiming to document the company's journey. They needed volunteers from every age group. Rohan, a newbie, teamed up with Mr. Iyer, who had been with Infosys since its inception. As Mr. Iyer narrated tales of the company's beginnings, Rohan was inspired to juxtapose those stories with current advancements in a digital presentation. Their collaboration won accolades. More importantly, it broke the ice between the older and younger employees. They began sharing, learning, and collaborating more, realizing that, despite the age gap, they all were an integral part of Infosys's legacy and future. #AgelessInnovation #TechTalesTogether #PastMeetsPresent #InclusivityInTech #LegacyAndInnovation

In a first in 20 years Tata Consultancy Services Infosys Wipro together report huge loss in employee strength in FY24 - 63,759👨💻. ⚠️Such a substantial loss in employee strength could negatively impact the overall employment rate in the country, leading to increased unemployment levels. 📈The IT sector is a key contributor to India's GDP growth. A decline in the workforce of major IT companies may slow down the sector's growth rate, affecting the overall economic growth of the country. 🗺India's position as a global leader in the IT outsourcing industry could be challenged if major companies continue to face losses in employee strength, affecting the country's competitiveness in the global market. #technology #itservices #wipro #infosys #TCS #techmahindra #techworkforce #techskills #economicrepercussions #India .

7th November 2023 witnessed the members of Great Place To Work® India’s CXO communities coming together to experience and learn from the workplace culture of one of India’s Best Employers Among Nation Builders – Infosys Limited. This Study Mission was held at the Infosys corporate headquarters in Bengaluru, India. Along with being one of our esteemed Nation Builders, Infosys has also built and sustained a High Trust, High Performance Culture, which reflects in them also being recognised as one of India’s Best Companies to Work for, for 2 years consistently. Some valuable takeaways from the Study Mission: 1. Products and processes can be similar, but people and culture make all the difference between organizations. 2. Driving culture with the aid of technology creates innovation at scale and amplifies human potential. 3. Learnability is the keyword at Infosys – how you grow by learning from certain instances.   A huge thank you to the Infosys team for sharing their insights with us: Shaji Mathew, Rafee Tarafdar, Satish H.C., Sushanth Tharappan, Santhosh KC, Padma Bhamidipati, Nanjappa B S, Debjit Basu, Poulomi Saha, Sughosh Tembre, Ph.D. If you would like your leaders to be a part of more of such learning experiences, feel free to write to us at [email protected]. #MakingIndiaAGreatPlaceToWorkForAll #BestWorkplaces #GPTW4ALL 

In the fiscal year 2024, the top five Indian IT services companies—Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, and Tech Mahindra—lost around 69,167 employees amidst uncertain demand. Notably, HCLTech was the only company among them to report a net increase in employees, adding approximately 1,537 staff during the year. According to a Moneycontrol report, TCS’s numbers fell by 13,249, Infosys’s by 25,994, and Wipro’s by 24,516, with Tech Mahindra also seeing a reduction of 6,945 employees. This marks the first time in at least five years that there has been an overall decline in employee numbers for the full year across these companies. #tcs #infosys #employees #technology #company #India #Indianstartupnews

Infosys & Wipro see sharp decline in number of employees earning over Rs 1 crore – here’s why Full Article Link >>> https://lnkd.in/gN9kmFZp Welcome To Latest IND >> Fastest World News Number of crorepati employees at Indian IT companies dips! The number of employees earning over Rs 1 crore at India’s leading IT companies, Infosys and Wipro , has significantly decreased over the past two fiscal years. This decline is attributed to the slowdown in demand for technology […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews