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The exodus of senior executives from Infosys continued today with Kartik Jayaraman, head of the company's BPO sales division in Australia, quitting the Bangalore-based firm to join outsourcing major Accenture.
Jayaraman had joined the BPO services of Infosys in the US in 2006 and was based in Melbourne. Sources said that he has joined the Melbourne office of Accenture. Referring to the development, a Infosys spokesperson said: "We do not discuss the entry and exit of our employees beyond our senior management."
Infosys is the second largest software services exporter in India and the company is facing trouble retaining many of its senior executives following the return of former Infosys boss N Narayan Murthy at the helms of affairs in the country.
Earlier this month, Infosys BPO Head for Latin America Humberto Andrade quit the company and in August, Ashok Vemuri, who was the head of the company's operations in the Americas, resigned. Infosys Vice President and financial services head for the Americas Sudhir Chaturvedi put in his papers in August. Infosys Global Sales Head Basab Pradhan resigned in July.
Murthy returned as the company's chief executive in June after the company started recording loss. Earlier this month, Murthy had said that he was looking at eliminating unnecessary costs. "We are looking at eliminating unnecessary costs, we are doing location optimisation," Murthy had said.
He further said: "I am personally leading the change to increase our engagement with employees, communicate the company's mission to our workforce and clearly set out expectations for personal productivity and outcome."
It is interesting to note that Infosys was once one of the most profit-making software firms in the world but it is now facing stiff competition from many other companies and it would not be wrong to say that the company is now lagging behind in the market.