Infosys Senior Executive Kartik Jayaraman Quits; Joins Accenture

In July, Infosys Global Sales Head Basab Pradhan announced his decision to quit the firm.

The high-level exits come amidst organizational restructuring that executive chairman NR Narayana Murthy is now overseeing after returning to revive the sagging fortunes of the company in June.

Earlier in September this year, Infosys's co-founder had said at the ninth Motilal Oswal Global Investor Conference that the Bangalore-based firm is looking at eliminating unnecessary costs.

"We are looking at eliminating unnecessary costs, we are doing location optimization," Murthy had said.

He further said: "I am personally leading the change to increase our engagement with employees, communicate the company's mission to our workforce and clearly set out expectations for personal productivity and outcome."

Once considered an industry bellwether with quarterly and annual guidance, Infosys is now struggling to keep pace with the rest of the industry.

It has not only stopped the practice of issuing quarterly forecast, it expects to grow only 8-10 per cent for 2013-14, way below 12-14 per cent growth industry body Nasscom has forecast.

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Source: PTI