On May 2, 2017 Infosys announced plans to hire 10,000 American workers over the next two years.
At Greyhound Research we believe, steps such as these by IT Services Providers eloquently tell a tale of the pressure they are experiencing under the new Trump administration.
Scroll below for our latest tweets on this topic. Read a more updated thread by clicking on any of the tweets from below. Lastly, please spare a moment to retweet, share and respond to this thread!
https://twitter.com/s_v_g/status/859268007092043776
Agree @s_v_g. Also, I believe this may well set precedence for others like @TCS @Wipro @TechMahindraOrg to follow suit https://t.co/HkWCdsEoPx
— Anshoo Nandwaani (@anshoo_n) May 2, 2017
https://twitter.com/s_v_g/status/859268538233626624
https://twitter.com/s_v_g/status/859268763245346816
https://twitter.com/s_v_g/status/859279332497268736
Also, I believe skills development and not no. of hires should be the key focus #H1B #h1bvisa https://t.co/ga0t02Gfdw
— Anshoo Nandwaani (@anshoo_n) May 2, 2017
Separately, In an earlier research note on the changes to H1B visa, Greyhound Research had predicted…
…increased need for IT Services Providers to prove incremental investments and local hiring in the US.
Having said that, we also added…
…cost and complexity of doing business will increase, expect margins to take a hit. Per Greyhound Research estimates IT Services Providers will shave off margins anywhere in the range of 5-10% YoY.
Given the increased pressure and scrutiny of US headquartered organisations on outsourcing…
…IT Services Providers can expect requests from clients to renegotiate existing contracts. This might well mean smaller and more expensive contracts (on the back of increased cost of delivery) here on.
To read the detailed research note on this topic by Greyhound Research, click here.
Analyst(s):
Sanchit Vir Gogia: Sanchit is the Chief Futurist, Founder & CEO of Greyhound Knowledge Group, a Global, Award-Winning, Digital Transformation Research & Advisory Group. He also serves as Chief Analyst & CEO of Greyhound Research, an Award-Winning, Global, Independent Technology Transformation Research & Advisory firm. To read more about him, click here.
Anshoo Nandwaani: Anshoo serves as a VP and Principal Analyst with Greyhound Research, an Award-Winning, Global, Independent Technology Transformation Research & Advisory firm. She also serves as Chief Human Resources Officer (CHRO) of Greyhound Knowledge Group, a Global, Award-Winning, Digital Transformation Research & Advisory Group. To read more about her, click here.
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