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Infosys has more than 320,000 employees, but the growing impact of AI on billing models based on the number of people deployed on projects is putting pressure on the traditional headcount-driven pricing structure. The Bengaluru-headquartered IT services company is recruiting talent from leading Indian institutes as well as US campuses, with the company often competing with AI labs for the same pool of candidates.
Dalal Street was also tracking the broader weakness across global markets. US stocks ended the previous session sharply lower, with the tech-heavy Nasdaq falling more than 0.9% and the S&P 500 declining around 0.8%. At around 10:25 AM, Nifty50 was trading at 22,586.60, down 194 points or 0.85%. BSE Sensex was at 72,138.99, down 633 points or 0.87%.