HCL Technologies lays off over 300 employees in a recent job cut

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Indian software company giant HCL technologies has reportedly laid off upwards of 300 employees.

Whilst the IT giant braces for setbacks in harsh market conditions, signaling concerns of a looming global crisis.

Per reports from Moneycontrol, 350 employees globally, ranging from India, Guatemala and the Philippines.

To name a few who were primarily working on its client Microsoft’s news outlet, MSN were let go by the Indian software company.

The company was reported to have stated that the last day of employment will be September 30 for the laid-off employees.

Each and every employee who were fired during this period would be awarded severance pay.

An anonymous source stated that service employer Microsoft was unsatisfied with the quality of the work done for their MSN news outlet.

The MSN team was responsible for multiple tasks, including monitoring, editing and curating content.

Sources have mentioned that HCL’s contract with Microsoft has ended, and Microsoft is expected to pass on the contract to some other vendor.