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At least 400: FIS begins lay-offs
Business Standard
|December 03, 2022
Global fintech software provider Fidelity National Information Services (FIS) has started laying off its employees in India, a year after it announced plans to hire 10,000 people in the country, multiple sources confirmed on Friday.
"The company has already sent termination letters to around 400 employees in Pune on a month's notice," an FIS employee said, adding this number shall increase. According to an internal letter dated December 1, the restructuring of FIS' businesses in India has led to job cuts.
The company employs around 3,000 people in Pune, including in-house and third-party recruitments. The company, which operates from six locations in India, has a headcount of over 20,000 people in the country but there was no clarity on lay-offs elsewhere.
These lay-offs come a week after Bloomberg reported the Jacksonville (Florida)-based company's plans to cut thousands of staffers and contractors from its global workforce of 65,000 people.
FIS provides technology solutions to merchants, banks and capital markets firms globally.
Denne historien er fra December 03, 2022-utgaven av Business Standard.
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