Indian IT industry has started responding to US Economy Crisis. Following TCS, IBM & Yahoo! Mphasis a part of EDS has cut 200 people.
Economic Times reported this morning about the job cuts.
Text clips from the news:
According to sources, MphasiS has retrenched 200 employees at its Chennai centre and all this in a span of two days last week.
It was not clear whether this retrenchment was restricted to the Chennai centre or covered other locations. Sources said the retrenchment was largely centered around the performance issue and it has probably affected those who were on the bench.
Read the full story from Economic Times. Sphere: Related Content
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