Bangalore, July 19
THOUGH HP officials were not clear on the possible impact of the company's restructuring plans on its Indian operations, industry observers here believe that the latest cost saving effort by the technology giant may lead to more job creation in India.
"This restructuring is likely to create more jobs by HP in India going forward as the company expects to cut 14,500 jobs elsewhere," industry sources said. HP, which is among the biggest multinational employers in India has over 15,000 employees, they said, adding that the company has ramped up its India operations significantly over the last 18-24 months.
It is estimated that 7,000-8,000 of HP employees in India were involved in software development whereas a little over 6,500 were part of its business process outsourcing outfit, HP e-Global, sources said. The rest are said to be involved with the company's sales and marketing operations in the country.
The Customer Solutions Group that's being eliminated as part of the restructuring efforts has some 200 people in India.
These employees were likely to be absorbed into other divisions that include the Imaging and Printing Group, the Personal Systems Group and the Technology Solutions Group, sources said.