Overall, the company has about 300,000 employees, of whom 75,000 are in India, and is growing revenue at over 8% year-over-year. “We did not have enough scale in India before the acquisition and Intelenet also gave a boost to our digital offerings,” said CEO Daniel Julien, who founded Teleperformance over 40 years ago.
Qualitest, an independent quality assurance and engineering company said former Cognizant President Rajeev Mehta has joined the board. Mehta will spend the next three months visiting a selection of Qualitest’s global offices in London, the United States and India to get an understanding of the company practices.
Founder NR Narayana Murthy and former senior executive TV Mohandas Pai were also marked in the mail that was sent to the board of Infosys last month by a whistleblower who alleged financial malfeasance by top executives.
Cognizant will remove a number of mid-to-senior employees, and redeploy about 5000 of those impacted. They will also exit the content moderation business for clients such as social media giant Facebook. The company has come in a significant scrutiny for the working environment of the moderators and the impact of the work on their mental health.
The interactive business requires more design as well as user interaction and experience building to hook end customers to a digital product or make a digital experience more enjoyable.
Apart from Rosen Law Firm, 3 other US firms have put out notices for filing class action suits against Infosys.
Law firm Shardul Amarchand Mangaldas and consultancy EY has been tasked to probe the whistleblower charges.
The exchange has asked the Bengaluru-headquartered company to provide an explanation on not making disclosures citing Sebi regulations even as Infosys braces for an inquiry by the US Securities and Exchange Commission (SEC).
Rosen Law Firm, which specialises in securities class actions, put out an Infosys Loss Notice stating it ‘continues to investigate potential securities claims on behalf of shareholders.
The letter alleged that the company was taking ‘unethical’ steps to boost short-term revenue. The letter further alleges that CEO Salil Parekh was bypassing reviews and approvals for large deals, which in some cases have ‘nil margins.’
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