Infosys, India’s second-largest tech outsourcing firm, is instituting a new policy requiring employees to be present in the office for a minimum of three days per week. This shift comes after previous appeals for a return to office went largely unheeded by the workforce. NR Narayana Murthy, the company’s co-founder, stresses the importance of extended work hours to drive productivity and foster economic advancement.
In addition to this mandate, Infosys announced a reinstatement of charges for bus services, set at a daily rate of Rs 150 with a monthly cap of Rs 1,500, starting January 3. These fees were in place pre-pandemic but had been waived to incentivize employees to return to office spaces.
Meanwhile, the stock value of Infosys Ltd faced downward pressure after the departure of the company’s chief financial officer, Nilanjan Roy. The announcement of Roy’s exit led to a 3% decline in Infosys’ American Depository Receipts (ADRs), dropping to $17.41 during Monday’s opening trade.