Global FinTech firm FIS issues pink slips to over 400 employees in India

Move comes a year after firm's plans to hire 10,000 people in the country; more likely to be axed in restructuring exercise; final settlement likely within five days from separation date

Global fintech software provider Fidelity National Information Services (FIS) has started laying off its employees in India, a year after it announced plans to hire 10,000 people in the country, multiple sources confirmed on Friday. 

“The company has already sent termination letters to around 400 employees in Pune on a month’s notice,” an FIS employee said, adding this number shall increase. According to an internal letter dated December 1, the restructuring of FIS’ businesses in India has led to job cuts. 

The company employs around 3,000 people in Pune, including in-house and third-party recruitments. The company, which operates from six locations in