HCL Tech lays off over 300 globally working on Microsoft projects

Company silent on layoff details, but sources say those asked to go are from India, Philippines and Guatemala

The budget cuts at Big Tech are impacting Indian information technology (IT) players as well, signalling an increasingly tough business environment.

India’s third-largest software exporter — HCL Technologies — has laid off 350 employees globally who were working on its client Microsoft’s news-related products.

These employees were laid off from across geographies, including Guatemala, the Philippines, and India.

The company did not comment on the layoffs, but its spokesperson, however, said: “Our technology and services vertical continues to see robust growth and is one of the fastest-growing segments for us.”

Big Tech players like Microsoft, Google, and Meta are already asking employees to increase