Around 30,000 India based employees of the global technology giant Hewlett-Packard (HP) can heave a sigh of relief, as the technology gaint has spared India from job cuts.
The US-headquartered company which is planning a job cut of around 29,000 globally said that there would be no effect of it in India. HP had announced a series of turnaround strategies, job cuts, which is expected to help the company save as much as $3.5 billion by the end of 2014.
Neelam Dhawan, General Manager, Enterprise Group and Country Managing Director for HP India said, “When the company planned a job cut globally fortunately it was decided that it will not impact the team in India. We are still back office of HP and doing a lot of projects for both customers in India and overseas. The layoff plan will not affect India.”
However, she said the company is witnessing some effects of the global economic slowdown in its business. “Some of the new projects are slowing down as the decision making has slowed down,” she said.
The company had recently announced its industry-academia partnership programme to equip students with industry ready IT skills. Through the programme the company aims to improve IT skills of over 65,000 graduates in India over the next 5 years.
When asked about the hiring plans for India, Neelam said, “It is not easy to talk about hiring now, as it is done on need basis depending on the projects and also attrition levels."