Indian IT giant Infosys has announced to hire 10,000 American employees, as US President Donald Trump recently criticized the working of the H1-B visas.
According to Infosys, they will open 4 new hubs for research technologies such as artificial intelligence and machine learning. The hiring will complete in next 2 years.
The first location will open in Indiana in August 2017 and is expected to create 2,000 jobs for American workers by 2021. The location of the other three centers will be decided in over the next few months. These hubs will not only train people on technology and innovation but also help in working closely with clients in key industries like financial services, manufacturing, healthcare, retail, and energy.
This step is taken at time when Indian IT giants like TCS, Wipro, Infosys etc are having a hard time to place their software engineers in the US after Donald Trump recently signed an executive order which is aimed to overhaul the working of visa program and to replace the lottery system for issuing H1B work visa to stop visa misuses.
Also, read Donald Trump’s new policies might cause hurdles for PM Modi’s Startup India.
According to an official from Trumps administration: Indian IT companies have an average wage for H1-B visas between USD 60,000-65,000 which is far less than the median Silicon Valley software engineer’s wage which is probably around USD 150,000.
Chief executive officer Vishal Sikka, Infosys said: “In the fast-changing world of today, we need the ability to be local. We need to be trusted by our customers as being local. To work with a mix of global and local talent is absolutely the right thing to do.”
He also added, “We are not only hiring computer science specialists but also engineers with software development aptitude and potential who we will train and prepare.”
Shares of Indian outsources have been fallen since Trumps administration came to power in November last year. The value of Infosys has been slashed down to 10% in 2017. Read more about Indian Startup Ecosystem.