|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
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|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
In yet another senior-level exit, Infosys, the country's second largest information technology company, announced on Thursday the resignation of its senior vice-president and head of Infosys Labs, Subrahmanyam (Subu') Goparaju.
"This has been on my mind for some time and just got executed now," Goparaju told Business Standard. "This was my first job and I have completed 25 years here. Now, I want to pursue some personal interests."
The announcement comes amid rumour that the Bangalore-based company is in the process of downsizing Infosys Labs, its research and development (R&D) arm, and moving employees to billable projects to tap revenue-generating opportunities. Infosys Labs had around 600 employees, focused on developing proprietary software technologies. According to sources, the team has been reduced to around 150 people.