Vishak Sikka, the first non-founder CEO of Infosys resigns under pressure and constant challenging by Narayan Murthy, one of the founders of Infosys and a two time past CEO. Under his short tenure of less than three years sales and profits both increased. So what was the problem? Really simple:
1) Narayana Murthy’s continuous assault was one main reason, and
2) continuous noise over the same things, malicious attacks and drumbeats of distractions and on and on…
Infosys was in the midst of a structural transformation… all this takes times, and CEOs could make mistakes. Founders or those with significant shareholding should stop interfering in their former companies and move on. That is usually a difficult thing for founders to do and even harder for Indians to let go, whether inside or outside the home… this is limiting our achieving world class…
- 22 Aug 2017
The Indian tech sector and IT industry is facing multiple negative growth trends – a general slowdown in growth from nearly 10% to around 5%+, the recent US visa restrictions and change from the typical IT services to a digital platform model. Almost every established Indian based IT company has started making sizable cuts in headcount of at least 10% starting with the more senior / experienced staff – VPs, Directors, Program Managers, but the cuts are expected to hit less experienced employees. You name the company – Wipro, Infosys, Cognizant, CapGemini, TCS and on and on. Some say the cuts could be comparable to the great recession of 2008-2010? One possible saving grace is the fast growing digitization been driven by Indian central and state governments.
Source: Times of India
- 10 May 2017