Infosys Stock: Builds up 6,000 Frontier Engineers
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The Indian IT service provider Infosys is pushing forward the realignment of its workforce in view of the rapid changes brought about by Artificial Intelligence. The company intends to build up around 6,000 so-called Frontier Engineers. At the same time, between a quarter and a third of the entire workforce is to be gradually transferred into specialized technology roles. This strategic course setting was announced at the company's annual customer conference in Washington. To form the new elite units, the service provider is intensifying recruitment at universities in India and the USA. In doing so, the company is increasingly in direct competition with pure AI research labs for highly qualified specialists. Parallel to the internal restructuring, Infosys is deepening its collaboration with technology partners. The company has expanded its existing cloud alliance with Google Cloud. Together, both groups want to support corporate customers in the transformation towards AI-powered operational processes and software architectures. At the same time, the entire Indian IT industry is confronted with tougher conditions in the most important foreign market. A special investigator from the US Department of Labor announced that the system for foreign work visas would be fundamentally reformed within a year. Following searches and subpoenas of industry representatives, Infosys is also...
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