IT company GlobalLogic has plans to increase its headcount in India by 20 per cent this year, the company said on Thursday. As part of its expansion in the country, the company opened a new office in Chennai with a capacity to accommodate 500 professionals. The new office will serve as the centre for excellence for telecom, 5G and AI-first engineering, the company said in a statement. "India continues to be the cornerstone of our global innovation strategy. As we scale toward a 20,000-strong workforce in the country, Chennai will play a critical role in helping us deliver AI-first, cloud-native, and telecom-grade solutions at scale," Piyush Jha, Group Vice President and Managing Director, APAC, GlobalLogic said. With over 800 employees currently based in Chennai, GlobalLogic plans to increase this number by 20 per cent by the end of 2025, bringing the local headcount to over 1000, the statement said. "This growth contributes to the company's broader ambition of reaching a ...
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Layoffs by Big Tech in the US are expected to bring a lot of work to India and the country's IT sector is poised to gain significantly during the slowdown, a top official of the US-based firm GlobalLogic said. In an interview to PTI, GlobalLogic President and CEO Nitesh Banga said the company is looking to acquire talents in India and plans to grow its employee base by 25-35 per cent every year. He said India is not going to see much of a slowdown even as there are a lot of layoffs happening in the US. "If Google, Twitter or Facebook or any of these customers actually lay off people in the US, it's not that they don't need to build products. They still need to continue to do their work and I believe that a lot of that work will come to India, because they will still need the talent to keep doing the work, although they will look for cost efficiencies," Banga said. The Hitachi group IT company has close to 15,000 or approximately 50 per cent of its global employee base, in India. "
GlobalLogic has a significant presence in India
Hitachi Ltd said on Wednesday it will buy US software company GlobalLogic Inc for $9.6 billion, as the Japanese industrial conglomerate aims to expand from electronics hardware to digital services
Today, with around 11,000 employees globally, the company has a revenue run rate of around $400 million