The end of a long-running business process management (BPM) contract between HCLTech and Xerox could affect around 170 to 200 employees, according to reports. The contract covered back-office and business support services for Xerox.
Employees associated with the project have reportedly been informed about the closure. HCLTech is exploring options to redeploy affected staff to other projects where possible.
While concerns remain among employees about future roles, there has been no indication of large-scale layoffs. Industry experts say such workforce transitions are common when major outsourcing contracts come to an end.