The flood of layoffs appears to have no stop. Hyland Software, a US-based software company with a location in Kolkata, is the newest company to join the wave of layoffs.
About 1,000 employees will be laid off, or about 20 percent of the company’s workforce. Hyland’s registered office is located at Rajarhat’s DLF IT Park.
William Priemer, president and chief executive officer of Hyland, identified organizational reorganization as the cause. According to him, they are reducing management layers, changing team sizes, and redistributing duties among various levels and departments.
