FIS lays off 400 employees

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The India arm of Fidelity National Information Services’ (FIS), an American multinational corporation working in the fintech space, has conducted a mass lay off round and has handed pink slips to over 400 employees in Pune.

“I was sent a termination letter out of the blue today, they have asked me to stay at home till  December 30, which will be my last date. I have been asked to not report to work,” an employee who was terminated from the company told Business Today.

Similar termination letters have been sent to over 400 people working in Pune so far. More employees would be terminated in the near future, people aware of the matter told Business Today. The company also has offices in Bengaluru and Gurugram.

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