French IT services major Capgemini is said to be letting go nearly 9,000 people, or nearly 5% of its workforce.
A large part of this are erstwhile employees of Igate, the company that Capgemini acquired in 2015. Asked about the layoffs, Capgemini did not deny that some had been asked to leave, but said it expects to recruit over 20,000 new team members in India this year. Infosys said its performance management process provides for a biannual assessment of performance.
- Source: http://cio.economictimes.indiatimes.com/news/strategy-and-management/after-cognizant-wipro-infosys-and-capgemini-prepare-for-layoffs/58587412