JANUARY 10, 2024 — 365 LAYOFFS IN RICHARDSON, TEXAS
Genpact will lay off 365 employees at its Richardson, Texas office when a client contract ends. This is targeted at the company’s OpenWealth business and will occur around February 28, 2024.
According to a company spokesperson, Responding to rapidly changing client needs is a standard part of Genpact’s agile operations model. We’re committed to handling every transition thoughtfully and smoothly and ensuring everyone is treated fairly and respectfully. Richardson remains a strategic market for us.”
JANUARY 23, 2023 — 964 LAYOFFS IN RICHARDSON, TEXAS
Genpact will lay off 964 employees at its Richardson, Texas office when a client contract ends in late March 2023.
According to a company spokesperson, “Responding to rapidly changing client needs is a standard part of Genpact’s agile operations model. Richardson remains a strategic market for us, and we have several clients for whom we manage services in this location.”
MAY 18, 2021 — 489 LAYOFFS IN JACKSONVILLE, FLORIDA
The company has announced that “material business changes to one of the company’s clients.,” there will be 489 layoffs, most of whom are working from home in response to the COVID-19 pandemic, that report to the company’s office in Jacksonville, Florida. The office, opened to provide mortgage processing servicing, will be closed. The layoffs will commence on August 31, 2021.
The layoffs will include 388 agents and reviewers, 58 support-team employees, 33 team leaders or supervisors and 10 managers,
NOVEMBER 17, 2020 — Original Post
New York, New York-based Genpact, a business process outsourcing provider performing digitally-enabled intelligent operations for large companies, has announced a reduction in force of 185 Stamford, Connecticut employees, including vice presidents, managers, management trainees, and senior process associates, by the end of 2020.
It is believed that the decision was driven by major contractual revisions in a contract with Westport, Connecticut-based Bridgewater Associates. Bridgewater Associates is the iconic investment management firm founded by famed investor Ray Dalio.
According to a company spokesperson, “This is the best information currently available to the company, but it may change due to subsequent events, some of which may be outside of the company’s control. The company hopes to accomplish this process with the least possible disruption to its affected employees and surrounding community.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?