US work visa suspension to have minimal impact on operations says HCL tech
Yash Sapra, INN/Gwalior, @infodeaofficial
HCL Technologies which is known as one of the Giants of India which is also caring it’s a business many other geographical boundaries, on Friday stated that, the suspension of h1b visa by the US as unfortunate and said the move will have a minimal impact on the IT services major in the short term, as it has been ramping up local hiring in the country for the past 10 years.
We started investing in the centers in the US 10 years back, we have 15 scaled delivery centers in the US. One of the first to increase localization close to 67% of our employees in the US is locals.
This is the trend which we really pioneered in the industry and now we see several other players are following as stated by the HCL Technologies President and CEO C. Vijayakumar.
He also stated that the company has adequate people in the US on visas to fulfill demand. However the rules I would say our unfortunate, but given that we have always been prepared and kind of enhancing our local footprint, not the USA but across all geographies very minimal impact due to the current change in policy at least in the near-term he stated.
Along with that he also said that is it worth continuing in the long-term the company may have to really look at how we address the demand.
Mr. Vijay Kumar also told about the future records if the suspension word to extend beyond December that it would depend on the customers.
Today we can deliver any service from anywhere in the world largely that’s the model that we have adopted and we have been able to collaborate extensively with customers across continents across time zones, and customers have also become very comfortable about this operating model.
So to that extent, I think the on show demand will be a little muted so I think it will be fine added the executive however said some tweaking may be needed on how it operates as it gets into the next year.
The HCL Technologies which has over 1.5 Lakh employees globally at the end of June 2020 quarter so 63.7 % of its revenues come from America’s market.
Europe accounted for 28.3 % USD 2.3 billion in revenue in the June quarter, while the rest of the world’s geography contributed 8% of the quarterly revenue.