Infosys Increases U.S. Hiring Commitment to 25,000 by 2022

Rhea-AI Summary

Infosys (NYSE: INFY) announced a commitment to create 12,000 new jobs in the U.S. over the next two years, raising its total hiring pledge to 25,000 jobs by 2022. This initiative aims to bolster the workforce amid economic challenges posed by the COVID-19 pandemic. The company plans to focus on hiring experienced technology professionals and recent graduates, facilitating their transition through training programs like the Reskill and Restart initiative. Infosys aims to enhance its presence in the U.S. as digital transformation accelerates.

Positive

• Commitment to create 12,000 American jobs by 2022.
• Total hiring commitment raised to 25,000 jobs within five years.
• Focus on experienced technology professionals and recent graduates.
• Launch of training programs to support workforce reskilling.

Negative

• None.

Infosys commits to 12,000 new American jobs in the next two years

NEW YORK, Sept. 1, 2020 /PRNewswire/ -- Infosys (NYSE: INFY), a global leader in consulting, technology, and next-generation services, today announced that it plans to hire 12,000 American workers over the next two years, bringing its hiring commitment in the country to 25,000 over five years.

In 2017, Infosys committed to hiring 10,000 American workers over two years and has exceeded that goal by creating 13,000 jobs in the U.S. to date. Through this expanded commitment, Infosys will hire an additional 12,000 workers by 2022 across a variety of roles. The company will target experienced technology professionals as well as recent graduates from major universities, liberal arts colleges, and community colleges to create the best workforce for the future. Utilizing the training and reskilling programs it has built with partners, including the recently launched Reskill and Restart initiative, Infosys will prepare workers for 21^st-century careers.

"Infosys has been intensely focused on creating jobs in the U.S. for the past three years, and I am proud that this new commitment to hire 12,000 American workers by 2022 expands on that previous initiative," said Salil Parekh, CEO, Infosys. "We are excited to grow our presence in the U.S. as the digital transformation journeys of our clients accelerate."

"Our commitment to creating 12,000 new American jobs comes at a critical moment as the COVID-19 pandemic has created economic turmoil," said Ravi Kumar, President, Infosys. While we continue to leverage our established university partnerships to strengthen our talent pool, our recently launched Reskill and Restart platform will play a crucial role in our growth as we meet this commitment. We will bring a specific focus on building pathways for those who have been impacted by the economic downturn and look forward to bringing on board individuals without traditional four-year degrees. Workers who have been left out of the digital economy will now have the opportunity to gain the skills needed for 21st-century careers."  

In the past three years, Infosys has launched six Technology and Innovation Centers in the U.S. across Indiana, North Carolina, Connecticut, Rhode Island, Texas, and Arizona. These Centers are at the forefront of building leading-edge digital capabilities and training the next generation IT talent to support American businesses in an increasingly digital future. Infosys' training and education infrastructure has allowed the company to cultivate top tech talent outside of the traditional tech hub geographies and provide American workers with new pathways to transition from conventional jobs across various industries and workstreams to digital and operations jobs of the future.  

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem. Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2020. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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SOURCE Infosys

FAQ

What is Infosys's new job commitment in the U.S.?

Infosys is committed to creating 12,000 new jobs in the U.S. over the next two years.

How many total jobs has Infosys committed to hire in the U.S. by 2022?

Infosys has committed to hiring a total of 25,000 jobs in the U.S. by 2022.

What types of roles will Infosys be hiring for in the U.S.?

Infosys will hire experienced technology professionals as well as recent graduates across various roles.

When was Infosys's job commitment announced?

Infosys announced its job commitment on September 1, 2020.

What initiatives is Infosys implementing to prepare new workers?

Infosys has launched the 'Reskill and Restart' initiative to train and reskill workers for 21st-century careers.