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16Th Aug 2016
Global
software major Infosys Ltd. will soon lay off about 3,000 techies since the
Royal Bank of Scotland (RBS) has cancelled the contract for setting up a new
bank (Williams & Glyn).
"Subsequent to this (RBS) decision, we will carry out an orderly
ramp-down of about 3,000 persons, primarily in India, over the next few
months," the city-based IT major disclosed on its website but did not
share details with the media.The Total
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The
Edinburgh-based RBS announced last week that it would no longer pursue its plan
to separate and list a new UK (British) standalone bank (W&G) and instead
pursue other options for the divestment of its business. The Total Investment & Insurance Solutions
"We
have been a W&G programme technology partner for consulting, application delivery
and testing services," the IT outsourcing company said on its website.
According to
company sources here on Tuesday, RBS signed a five-year multi-million dollar
contract with Infosys and the US-based software major IBM for providing IT
services to its proposed W&G bank. The
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