Wells Fargo Cuts 400 Jobs in India as GCCs Take a Back Seat

Deloitte’s Romal Shetty reveals the Future of India’s GCCs

Picture this: India’s GCCs skyrocketing from 1,800 to 5,000. Unlocking a massive $600 billion in economic value. Creating 25 million quality jobs… At the recent CII GCC Business Summit in New Delhi, Romal Shetty, CEO of Deloitte South Asia, painted a bold future for India’s Global Capability Centres (GCCs). His message was backed by data, and laced with urgency. GCCs: A massive market still untapped India may already be home to 1,800+ GCCs, but …

Wells Fargo Cuts 400 Jobs in India as GCCs Take a Back Seat

As the wave of layoffs continues, Wells Fargo has reportedly let go of nearly 400 employees from its operations in India over the past two months. The job cuts have primarily affected its engineering division and the Chief Administrative Office (CAO), according to Business Standard.  The layoffs were part of the financial services company’s broader strategy to consolidate its global capability centre (GCC) operations in India and respond to the …