Wipro buys London-based banking and tech consultant Capco for US$1.45B

Outsourcing provider Wipro has bid $1.45bn for banking consultant and digital transformation outfit Capco. The announcement made online stated: London-headquartered Capco’s clients include many marquee names in the global financial services industry. Over the past 20 years, the company has worked closely with business …

[Anonymous Coward]

Another load of jobs going to

India... where else eh?

The UK staff will be 'asked' to train their replacements. They'll come from Mumbai or wherever and do the same job as less than half the pay of the old staff.

Been there done that (twice). Got the 'I love Mumbai' T-shirt.

[Anonymous Coward]

Re: Another load of jobs going to

If most of the good staff don't leave the ship first......

I got that t shirt

[Anonymous Coward]

Re: Another load of jobs going to

Same t-shirt as me - growing club!

Before I left, I got matey with a fellow WIPRO-ite whose company had been bought over too. Most of their top talent left within six months...

[Chris J]

Re: Another load of jobs going to

Capco is a consulting biz that they are buying for the client access. Not sure how fungible the roles will be.

[PeterM42]

Capco Employees........

........prepare to meet thy redundancy notice.

(But not until you have trained your low-paid replacements.)

[Abominator]

A lot of people looking for new jobs right now after this.