Move a departure from strategy of working only with business process outsourcing firms
200 employees given charge of business units as firm looks to free up seniors for long-term growth.
Indian IT companies are already facing margin challenges as a result of tighter visa rules in the US
Five of the six Moody's-rated Indian IT services companies returned on average.
The company, valued at $3 billion, which also works with IT and business process management (BPM) firms in the country, is looking at raising its headcount to 1,200 by the end of 2019 with a mix of technology and business hires.
Rajiv Bansal had dragged the company to arbitration after it halted payouts on his over Rs 17 crore severance.
We need to learn from the consumer product industry for next phase of growth in IT: Rajesh Gopinathan, TCS
Indian IT has gone through various phases. Now we need to step back and see what has technology done, said Gopinathan
The company has said it expects Asia-Pacific to contribute $1 billion in revenue in the next few years and was looking at India as part of that expansion strategy.
In August, Cognizant President Raj Mehta had told ET that senior jobs were on the chopping block
Companies are increasingly using their global in-house centres (GIC) or setting up such units to handle their IT requirements, taking away work from IT services companies and cutting their revenues.
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