Wipro's CEO: U.S. Must Fix IT Worker Shortage
Premji, CEO and chairman of Bangalore-based Wipro Ltd., calls the lack of technology talent in the U.S. a "serious problem."
"America does not have the talent," said Premji, 62, in a Jan. 29 interview with Atlanta Business Chronicle. "There's a huge shortage of IT professionals here."
While India has experienced an economic boom due to the increasing number of students getting high-tech degrees there, the number of awarded engineering degrees in the United States has dropped 20 percent over the past two decades, according to pro worker-visa-advocacy group Compete America. That fact can be seen with the growing demand for H-1B visas, which allow foreigners to temporarily live here to fulfill specialty jobs, usually in technology.
NOTE: Bangalore-based Wipro (NYSE: WIT) is in the process of opening its first American software development center in Atlanta and plans to hire 200 employees within a year and up to 500 within three years.