|Day's Range||961.00 - 986.60|
|52 Week Range||901.00 - 1,279.30|
|PE Ratio (TTM)||1,050.53|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||1,077.34|
Infosys Ltd, the India-based computer services giant, on Wednesday touted its new strategy to hire and train 10,000 American workers over the next two years at the company's annual leadership meeting in San Francisco. Infosys is the largest employer of workers under the U.S. H1-B visa program for skilled workers, which has been under fire as the Trump Administration moves to tighten a range of immigration laws. Many large companies hire so-called outsourcing firms such as Infosys to manage their computer operations.
Infosys is taking Donald Trump’s “Hire American” order seriously. Amid the H-1B clampdown, India’s second-largest IT services firm is reducing its reliance on bringing in Indian workers, planning to hire 10,000 American workers over the next two years. On May 23, Infosys announced that it would open its first US-based technology and innovation hub in…
Swapana Bhosale was stunned when she found out earlier this month she was losing her job at tech services provider Cognizant Technology Solutions in India. “Pulling people out of projects to sack them is unheard of in our industry,” said Bhosale, who demanded to be fired rather than resign so she can take legal action. Cognizant and peers like Infosys Ltd. and Wipro Ltd. won’t disclose how many jobs they cut, but it appears the industry is going through one of the largest retrenchments in its three-decade-plus history.