US IT firm cuts jobs, India amongst the most hit

US IT services firm DXC –formed in 2017 with the merger of CSC and HP Enterprise’s service business – let go of 10,000 people, or 7% of its workforce, in the last fiscal as part of a turnaround plan. At least half of these job cuts were in India. The entity’s total headcount was 1.7 lakh around the time the merger was announced, but it’s now down to 1.33 lakh.

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