Big IT companies face changes at the top level amid widespread uncertainties
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Reports of job losses at lower levels have made headlines in the past too, but this time it is the resignation of senior leadership in companies like TCS and Infosys. Infosys has had two president-level executives quit in a matter of months.
Large IT companies are facing leadership changes and changes at the senior level amid widespread uncertainties in the global scenario. These include some very well-known faces of these companies. Reports of job losses at lower levels have made headlines in the past too, but this time it is the resignation of senior leadership in companies like TCS and Infosys. Infosys has had two president-level executives quit in a matter of months.
Ravi Kumar and Mohit Joshi left the company to join Cognizant and Tech Mahindra respectively. Last week, Tech Mahindra announced the appointment of Joshi as the Managing Director (MD) and Chief Executive Officer (CEO). He will take over from CP Gurnani after his retirement on December 19 this year. The country’s largest software services company Tata Consultancy Services (TCS) on Thursday suddenly announced that its CEO Rajesh Gopinathan will take over only by September 15, with more than four years left in his tenure.
There was more time left. Industry veteran and former Infosys director T V Mohandas Pai told PTI, “Overall, the turmoil in many companies is the result of multiple factors coming together.” It is good for the industry that there is a change of leadership from time to time, because it brings new people and new thinking. Pai said, barring one or two exceptions like Cognizant, the common reason is that everyone has seen the stress of the pandemic. Some may be feeling tired and want a change.
Second, many of them are reshaping their careers after the pandemic. They don’t want to wait to become CEOs in their companies, so whenever they get an opportunity to become CEOs elsewhere, they leave. Industry veteran and former Infosys director T V Mohandas Pai told PTI, “Overall, the turmoil in many companies is the result of multiple factors coming together.”
It is good for the industry that there is a change of leadership from time to time, because it brings new people and new thinking. Pai said, barring one or two exceptions like Cognizant, the common reason is that everyone has seen the stress of the pandemic. Some may be feeling tired and want a change. Second, many of them are reshaping their careers after the pandemic. They don’t want to wait to become CEOs in their companies, so whenever they get an opportunity to become CEOs elsewhere, they leave. He said that some people want to retire after the pandemic. There are many reasons like this, due to which this ups and downs is going on.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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