Company silent on layoff details, but sources say those asked to go are from India, Philippines and Guatemala. The budget cuts at Big Tech are also impacting Indian information technology (IT) players, signaling an increasingly tough business environment.
India’s third-largest software exporter — HCL Technologies — has laid off 350 employees globally who were working on its client Microsoft’s news-related products.
These employees were laid off from across geographies, including Guatemala, the Philippines, and India.
The company did not comment on the layoffs, but its spokesperson, however, said: “Our technology and services vertical continues to see robust growth and is one of the fastest-growing segments for us.”
Big Tech players like Microsoft, Google, and Meta are already asking employees to increase productivity and cut down on expenses like travel.