iGate may eliminate nearly 1,500 – 3,000 jobs or 5 to 10 percent of its resources in the next three months.
The plan to lay off is primarily due to iGate’s inability to achieve certain business growth.
A Times of India report said the job cut is partly due to huge bench that iGate created after it moved from just-in-time hiring to a hire-for-growth model.
iGate has denied the development.
iGate has hired 3,751 employees in 2014 and the total number of people stands at around 33,484.
Earlier, there were reports that TCS is looking for cutting jobs. This has triggered significant protests from the IT / BPO professionals across the country.