Client costs in focus, IT deals revive 'rebadging' of employees

TCS co-opting a third of Boeing workers facing job cuts not an exception; analysts admit that the practice is returning, though not a full-fledged trend yet

With cost optimisation deals rising among Indian IT players, rebadging of employees is making a return.

Companies that have entered into such arrangements include Tata Consultancy Services (TCS), HCLTech and Capgemini.

On Tuesday, when aircraft manufacturer Boeing announced job cuts, international media reports also mentioned that TCS would be taking a third of such employees as part of its work with the airline major.

TCS is not the only one taking employees on board as part of such deals. Earlier this year, HCLTech signed an agreement with insurer State Farm to reimagine its IT service desk and infrastructure operations. It