Infosys pulls out of Russia

Stefan Mileschin · 15th April 2022, 10:56

Might settle UK political storm

Indian IT services giant Infosys is pulling out of Russia, in a move which might solve a political storm in the UK.

Yesterday's Q4 2022 earnings call CEO Salil Parekh stated the company will pull out. Parekh told investors Infosys has around has 100 employees in the nation, all working for global clients. Infosys has no engagements with Russian entities, the CEO added.

Parekh said Infosys has decided to move the work performed by staff in Russia to other unspecified locations. The fate of those staff was not discussed. Infosys has also donated $1 million towards Ukrainian relief efforts and is "launching a programme to digitally re-skill up to 25,000 individuals."

https://fudzilla.com/news/54701-info...-out-of-russia

15th April 2022, 10:56	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Infosys pulls out of Russia Might settle UK political storm Indian IT services giant Infosys is pulling out of Russia, in a move which might solve a political storm in the UK. Yesterday's Q4 2022 earnings call CEO Salil Parekh stated the company will pull out. Parekh told investors Infosys has around has 100 employees in the nation, all working for global clients. Infosys has no engagements with Russian entities, the CEO added. Parekh said Infosys has decided to move the work performed by staff in Russia to other unspecified locations. The fate of those staff was not discussed. Infosys has also donated $1 million towards Ukrainian relief efforts and is "launching a programme to digitally re-skill up to 25,000 individuals." https://fudzilla.com/news/54701-info...-out-of-russia

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