Heard a rumor or news that Llyods is ending contract with PS? 800+ people to be rolled off. True or gossip

likehelpfulfunny
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Yes few projects they told to stop working on with immediate effect some 2 months ago.
Also how you come to know the exact number of ppl affected to be 800

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That's a huge no. Of folks on bench ,

I do hear that Lloyds project are moving to hcl . I even got a call from hcl for Lloyds since they saw Lloyds project in my resume

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They did call off few projects suddenly and people are still yet to be assigned to other projects! And if this rumour is true, its a big issue!

Will this trigger layoffs?

They are onboarding agressively in GI team. In last 2-3 months more than 50+ folks joined. I am also part of that. So might be gossip

Probably gossip. Seems like people love hating on ps. Likes this post is getting

Some projects are scrapped but not the entire account.

This is a company who hires all year round fires all year round even if project is there or not it doesn’t matter. If you are a early joiner they will try to jump on you and try to recruit you.

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