infotechlead

iGate may slash nearly 3,000 jobs due to slow biz growth

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

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.

editor@infotechlead.com

Latest

More like this
Related

Nike to cut jobs in tech division as part of outsourcing strategy

Nike is laying off some employees in its technology...

Hinduja Global looks for new CEO as it steps up AI-led innovation

Hinduja Global Solutions (HGS) has revealed that it’s looking...

Technology outsourcing firm WNS up for sale?

WNS Holdings, a technology outsourcing firm with a market...

UST to create 3,500-6,000 job opportunities in new office in Pune

UST, a leading technology and digital transformation solutions company,...