GlobalLogic

GlobalLogic's MD Piyush Jha projects robust growth, leveraging AI for operational efficiency in FY24

Layoffs by Big Tech in the US are expected to bring a lot of work to India and the country's IT sector is poised to gain significantly during the slowdown, a top official of the US-based firm GlobalLogic said. In an interview to PTI, GlobalLogic President and CEO Nitesh Banga said the company is looking to acquire talents in India and plans to grow its employee base by 25-35 per cent every year. He said India is not going to see much of a slowdown even as there are a lot of layoffs happening in the US. "If Google, Twitter or Facebook or any of these customers actually lay off people in the US, it's not that they don't need to build products. They still need to continue to do their work and I believe that a lot of that work will come to India, because they will still need the talent to keep doing the work, although they will look for cost efficiencies," Banga said. The Hitachi group IT company has close to 15,000 or approximately 50 per cent of its global employee base, in India. "

GlobalLogic has a significant presence in India

Hitachi Ltd said on Wednesday it will buy US software company GlobalLogic Inc for $9.6 billion, as the Japanese industrial conglomerate aims to expand from electronics hardware to digital services

Today, with around 11,000 employees globally, the company has a revenue run rate of around $400 million