Accenture is planning to reduce its senior executive workforce by seven per cent besides, pruning real estate capacity as part of restructuring efforts. The seven per cent workforce reduction would mean over 300 senior-executives would be laid-off. Restructuring is expected to cost the company $247 million in the fourth quarter of fiscal 2009 ending August [...]
Archive for the ‘Accenture’ Category
23 Jul
Nightmare for Indian IT Outsourcing industry. Accenture started 'body shopping' unit.
A few months ago, Accenture started a new business unit named Concadia. This new unit will use the very same technique that the Indian firms employed to penetrate in to the cozy club of IT services to turn the tables on them. Through Concadia, Accenture has started offering IT capacity expansion services which analysts call [...]
4 Jan
History and facts about Satyam
* Satyam, India’s No. 4 software services exporter, was founded in 1987 by its chairman B. Ramalinga Raju, who was born into a family of farmers and is a management graduate from Ohio University. * Satyam debuted on the Indian markets in 1991, followed by a listing in New York in 2001. In 2008, it [...]
15 Dec
Fidelity selling India back office unit – As per Report
15-Dec-2008, Mumbai – Fidelity Investments has put its Indian captive technology offshore unit up for sale and possible suitors include Indian and global outsourcing firms, the Economic Times reported on Monday citing two sources involved in the deal. The successful bidder will get a committed multi-year outsourcing contract from Fidelity, the paper said. India’s Infosys [...]
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