* Posts by Hoss

1 publicly visible post • joined 16 Nov 2007

Capgemini makes HMRC job cuts

Hoss

Facts of Life

Im sure the recent announcement regarding the redundancies at Capgemini are very unsettling for all employees. As the budgets for a number of Government departments have been reduced that would affect all suppliers engaged, irrespective of the nature of their offering. If the volume and value of new business is reduced its simply not feasible to retain the organisation in its current format. As with all listed companies there is a primary duty to deliver a return for their shareholders. A way to minimise the impact of reducing revenue is to focus on the operating costs. A significant cost are the resources themselves so a quick fix is to reduce the staffing compliment to an 'acceptable' level.