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20,000-plus people shift as IT firms buy GCC, captive tech carve-outs

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20,000-plus people shift as IT firms buy GCC, captive tech carve-outs

Business News Tech IT 20,000-plus people shift as IT firms buy GCC, captive tech carve-outs

TCS’s takeover of Best Buy’s India GCC under a multiyear deal is the latest example, while HCLTech’s $10.5-million acquisition of Guardian Life’s India operations brought nearly 2,000 employees into the company under a seven-year partnership.

New Delhi: More than 20,000 employees have moved from global capability centres (GCCs), enterprise information technology subsidiaries and product operations to IT services providers in the past 12 months, as companies shift parts of their technology operations to external providers, according to industry estimates.TCS’s takeover of Best Buy’s India GCC under a multiyear deal is the latest example, while HCLTech’s $10.5-million acquisition of

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