Extreme Offshoring: IT Edition
/India's Business Standard is reporting that Infosys is looking at moving IT work from outsourced contracts from the U.S. to India in response to rising Visa costs. Per the article, Infosys has the ability to offshore 95% of its work.
An excerpt from the article:
Against the backdrop of a clampdown on visas by the US and growing antagonism towards foreign workers and immigrants in that country, Infosys Technologies, India's second-largest IT services firm, is mulling an ‘extreme offshoring’ model to help reduce its dependence on H1 and L1 visas.
“There is a cost element (due to the visa fee hike) to what is happening now and there is a philosophical or directional element. The cost is no doubt increasing, but it is manageable. But it is more about what it indicates. If there a build-up of negativity in sentiment, we have to prepare ourselves (for extreme offshoring) if need be. However, as long as unemployment remains high, the negative sentiment will continue, unfortunately,” Kris Gopalakrishnan, CEO and MD, Infosys Technologies, told Business Standard.
You can read the full article here: Infosys plans 'extreme offshore' model to tide over visa crisis
