Tech giant Infosys to sack 3000 employees soon

| Tuesday, August 16, 2016 - 15:51
First Published |
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Subsequent to this (RBS) decision, we will carry out an orderly ramp-down of about 3,000 persons: Infosys

Bengaluru: Global software major Infosys Ltd. will soon lay off about 3,000 techies since the Royal Bank of Scotland (RBS) has cancelled the contract for setting up a new bank (Williams & Glyn).
"Subsequent to this (RBS) decision, we will carry out an orderly ramp-down of about 3,000 persons, primarily in India, over the next few months," the city-based IT major disclosed on its website but did not share details with the media.
The Edinburgh-based RBS announced last week that it would no longer pursue its plan to separate and list a new UK (British) standalone bank (W&G) and instead pursue other options for the divestment of its business.
"We have been a W&G programme technology partner for consulting, application delivery and testing services," the IT outsourcing company said on its website.
According to company sources here on Tuesday, RBS signed a five-year multi-million dollar contract with Infosys and the US-based software major IBM for providing IT services to its proposed W&G bank.
"As RBS has a key relationship for us, we look forward to strengthening our strategic partnership and working with it across other transformation programmes," the company added.

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