Indias third largest software exporter HCL Technologies has laid off 350 employees globally who were working on its client Microsofts newsrelated products signalling an increasingly tough business environment The employees were informed about the same in a town hall last week people familiar with the development said
These employees were laid off from across geographies including Guatemala the Philippines and India to name a few The last day of work for the employees will be September 30 and they will be offered severance pay
Microsoft had an issue with the quality of work We used to monitor curate and edit content for its news platform MSN from across countries like India Europe and the US They had recently automated the process as well for global news monitoring Prior to this two years ago Burda Media was managing this site one of the employees who was laid off told Moneycontrol seeking anonymity

There are also other functions and products like trending on Bing Geopolitical news curation comment moderation tabloid hit apps and transformation by Teams which have gotten impacted
People with knowledge of the matter added that the contract with HCL Technologies has ended and it is likely to be passed on to some other vendor Accenture might be in the running for the same a source said but Moneycontrol was not immediately able to verify this In a similar fashion Burda Media too had laid off around 200 employees when its contract was over
Our Technology Services vertical continues to see robust growth and is one of the fastest growing segments for us an HCL spokesperson said in a statement to Moneycontrols detailed queries offering no comments on questions related to layoffs

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Source:- CNBCTV18