Infy to tap U.S. Govt. projects, plans more lateral hiring

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Bangalore: Infosys Technologies will hire more laterals in the U.S. than elsewhere and expects no cutbacks on tech spending there even as stimulus funding tapers off. The company opened a new subsidiary in the U.S. called the Infosys Public Services which is focused on leveraging government expenditure. The company has started hiring from B-schools in the U.S. and it currently has about 15,000 employees in the U.S, reports The Hindu Business Line Infosys Technologies' Senior Vice-President and Global Head for banking and capital markets, strategic global sourcing, Ashok Vemuri said that as the company moves up the value chain, it will hire more laterals in the U.S. market. Clearly, we are going to be hiring onsite, people with more industry skill-sets, more from the consultative. A bulk of the lateral hiring out of the 8,500 people expected to be recruited this quarter will be in the U.S. Vemuri said anything that is a regulated industry in the U.S. has been performing well, like the financial services, healthcare and utilities. "This is in spite of the fact that the stimulus money is over. There is a lot of investment that is happening from a recovery perspective." He admitted that there was a certain amount of macroeconomic concern about the U.S. market. "I am not even sure whether we are out of the recession as yet. But I don't think there will be a double dip kind of situation. I do think that unemployment is very high. I think every one has to get used to the fact that this is how it will be," he added.