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MNC captives halt hiring, cut pay in India to tide over Covid-19 crisis

These captives together employ more than 1.1 million people out of the total 4.3 million staffers in the Indian IT industry

MNCs in India | Salaries | hiring in India

Debasis Mohapatra  |  Bengaluru 

employment, job, hiring
Sources said salaries of employees working in some of these captives have also been cut, in sync with their global operations

Amid the Covid-19 pandemic, global in-house centres (GICs) or captives of large multinationals have halted new hiring. This is in line with the moves of Indian IT services firms, which have decided to add employees only on the need basis.



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First Published: Sun, June 07 2020. 00:37 IST