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Description
Capgemini slashes 600 jobs in India
2009-05-05 11:11:06
Hyderabad/Mumbai: Capgemini, a France-based consulting, technology and outsourcing solutions company, has reportedly given pink slips to 600 employees, including 400 from Hyderabad and 200 from its Pune facility, in Also see the last few weeks.
Bringing down staff costs
"Given the pressure on spending on information technology in the BFSI (banking, financial services and insurance) space, the company has decided to bring down its employee costs by cutting down on the number of associates," the official said.
The Hyderabad office of Capgemini was not immediately accessible to get a comment on the reported downsizing of staff to the tune of 400 employees.
More India business stories
Capgemini operates in Mumbai, Chennai, Bangalore, Kolkata, Pune and Hyderabad. The company serves automotive, financial services, energy, healthcare, telecom and media.
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