NEW DELHI: In another hit to the IT sector, GlobalLogic, one of the largest outsourced product development companies in India, has laid off abou
t 125 employees.
While 108 employees were asked to leave ‘due to poor grading in the appraisals’ concluded in October, another 17 were told to leave because their ‘skill sets fell obsolete’.
The over $100-million company, which has delivery centres in Noida, Nagpur and Pune, confirmed the layoffs but said the figure is 115.
GlobalLogic CEO Peter Harrison, who flew in from the US this week, called an emergency townhall meeting to announce the drastic steps. “We believe in sharing the numbers (of layoffs) with employees as we don’t want to create any anxiety. A transparent organisation is the most productive one,” said its marketing head Rohit Sharma.
Over the last two years, Global-Logic reduced its headcount to 2,000 from 3,000. The company has also consolidated its verticals into three --B 2B, B2C and telecom--to reduce flab and overlap.
In another interesting twist, one of the co-founders and partner Rajul Garg has resigned from the executive management team as the HR head to pursue entrepreneurial activities ‘outside the company’. He now just has a position on the board. The company is now on a lookout for a new HR head.
Business flow from start ups and emerging product companies has been impacted due to the slowdown. To reduce its discretionary spend, GlobalLogic has done away with paper or plastic tumblers and provided coffee mugs to employees. Single employee pick or drops even at night are now curtailed.
The company has also restructured its management team under which the Indian operations head Mukul Jain will now become the global head. The new India country manager and the existing Ukraine and China heads will report to him.
Courtesy: Times of India
t 125 employees.
While 108 employees were asked to leave ‘due to poor grading in the appraisals’ concluded in October, another 17 were told to leave because their ‘skill sets fell obsolete’.
The over $100-million company, which has delivery centres in Noida, Nagpur and Pune, confirmed the layoffs but said the figure is 115.
GlobalLogic CEO Peter Harrison, who flew in from the US this week, called an emergency townhall meeting to announce the drastic steps. “We believe in sharing the numbers (of layoffs) with employees as we don’t want to create any anxiety. A transparent organisation is the most productive one,” said its marketing head Rohit Sharma.
Over the last two years, Global-Logic reduced its headcount to 2,000 from 3,000. The company has also consolidated its verticals into three --B 2B, B2C and telecom--to reduce flab and overlap.
In another interesting twist, one of the co-founders and partner Rajul Garg has resigned from the executive management team as the HR head to pursue entrepreneurial activities ‘outside the company’. He now just has a position on the board. The company is now on a lookout for a new HR head.
Business flow from start ups and emerging product companies has been impacted due to the slowdown. To reduce its discretionary spend, GlobalLogic has done away with paper or plastic tumblers and provided coffee mugs to employees. Single employee pick or drops even at night are now curtailed.
The company has also restructured its management team under which the Indian operations head Mukul Jain will now become the global head. The new India country manager and the existing Ukraine and China heads will report to him.
Courtesy: Times of India
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