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L&T Technology lays off 200 employees – Times of India

BENGALURU/MUMBAI: L&T Technology Services (LTTS) has laid off 200 people in the mid-to-senior roles, partly due to actions initiated as part of the performance cycle and to reduce role overlaps, sources told TOI. LTTS, which has nearly 24,000 employeeson its rolls, has seen job cuts mainly in delivery and support functions as companies have automated many functions.The redundancies account for less than 1% ofLTTS‘s workforce.
When TOI reached out to LTTS, its spokesperson said, “We conduct annual performance reviews as a standard process to assess the capabilities of our workforce every year, and act appropriately based on skill sets and performance. This is essential for the maintenance of our high standards of service delivery…” Sources told TOI that there might be another round of job cuts in January.

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