By concentrating its efforts on skilling and hiring locals in the US over the past three years, Infosys has managed to become almost 63 per cent visa-independent in the US. The Indian information technology services company has been accelerating its localisation initiatives in Europe and Australia as well. It is more than 50 per cent visa-independent in Europe and Australia-New Zealand.
Two months ago, Infosys had revealed its plans to hire 12,000 American workers by 2022, and about 25,000 in five years’ time.
Infosys is already in tie-ups with institutes, such as Purdue, Trinity and RISD, to train a significant number of employees and offer reskilling programmes.
The Indian multination is expecting the new immigration rules in the US to affect visa processes, onsite wages, visa tenure, as well as compliance costs, in general.
It operates eight innovation hubs in the US and the EU, nine global digital studios (including a 5G lab in Melbourne) and seven global cyber-defense centres.
North America is Infosys’ largest market, making up 60.7 per cent of its revenue, followed by Europe (24.3 percent), rest of the world (12 per cent) and India (3 percent), as on September 30, 2020. Infosys had posted 8.5 per cent year-on-year rise in revenue in the September 2020 quarter. Its workforce strength was about 2,40,208 at the end of the September quarter.