NEW DELHI: Yet another casualty of the US subprime crash in the Indian BPO sector is the Bangalore-based Infosys BPO, which has lost a prime client, Green-Point Mortgage. GreenPoint Mortgage, a mortgage arm of Capital One (a financial services company) declared its bankruptcy on August 20 in the US. This will eliminate about 1,900 jobs across the US alone.
In India, over 100 people were working at Infosys BPO on this process. Infosys BPO, however, says that the impact on it will be minimal as it plans to redeploy people working on the processes of the lost client.
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Wednesday, August 29, 2007
Subprime woes cost Infosys prime client
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