Last April, French IT giant Capgemini announced its $4-billion acquisition of Nasdaq-listed IGATE, which had a global talent pool of over 30,000 employees, mostly based in India. On January 22 this year, IGATE’s brand transitioned to Capgemini, an event marked by a Bollywood dance performance by nearly 5,000 employees (including those from the acquired company), which lasted for over half an hour, setting a Guinness World Record. A lot of hard work went into this harmonious performance, as in the seamless integration of the two companies.
“No employee can fault a valid business reason for layoffs. But, if the process is not transparent and proper communication is missing, an employee feels short-changed,” said Moorthy K Uppaluri, MD & CEO, Randstad India.