DXC Technology lays off some staff in India as global cost optimization exercise
US-based IT services firm DXC Technology has started a fresh round of layoffs in India. The move was described by analysts as being part of a global cost optimization exercise.
According to a TOI report, the affected employees were offered either two months notice period or be paid their salary in lieu of the notice period in case of immediate termination. Currently, DXC Technology has total headcounts around to 1.33 lakh and around 38,000 are in India.
“Mike Salvino, CEO of DXC Technology recently told investors that the firm will be eliminating 4,500 roles globally. DXC plans to save $550 million in costs in the 2021 fiscal year and $700 million per year thereafter.“
The company spokesperson said, “We continually strive to meet our performance management and growth goals, we are staying close to our people. We are also implementing our cost-optimization plans to better serve our customers by eliminating complexity and confusion. And we remain focused on delivering for our customers in this rapidly changing environment, seizing the market opportunity before us, and driving performance as we progress on our transformation journey.”
Recently, DXC has made several leadership changes in India, including the appointment of Nachiket Sukhtankar as Managing Director and VP for global transformation Ayush Mittal from Accenture. And earlier this year, the DXC India centre was described as a global innovation and delivery centre with a focus on application and infrastructure services.
DXC Technology in India, formed with the merger of CSC and Hewlett-Packard Enterprise in 2017, is a hotbed of innovation and technical expertise and a gold standard for process maturity and quality. Its operations are the company’s largest globally, employing high-caliber technology professionals focused on helping customers address their core challenges and take advantage of market opportunities.
