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Layoffs at Capgemini in May 2009

Hyderabad, Pune, India Posted on: May 07, 2009 20:11
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Number of Employees: 600
Source: BusinessLine
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Comments: Hyderabad/Mumbai, May 4 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 the last few weeks. A senior official with knowledge of the development confirmed the move. “Most of the laid off employees were serving global customers in the banking and financial services space,” the official said on condition of anonymity. 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. 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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