real-time news and commentary for investors
Thursday, Jun 13
Well, this is one way to get employees on your side: less than 2 weeks after returning as...
Well, this is one way to get employees on your side: less than 2 weeks after returning as chairman, Infosys (INFY -1%) founder Narayana Murthy has announced across-the-board pay hikes. Shortly before Murthy returned, Infosys announced it would simplify its compensation structure. Meanwhile, Infosys and other IT outsourcing firms (ACN, WIT, CTSH) are closely watching the progress of a U.S. immigration reform bill. Many tech companies are pleased the bill could increase the number of H-1B visas granted each year to as many as 180K from a current 65K, but outsourcing firms are worried about a potential doubling of visa application fees.