Cap Gemini Ernst & Young LLP Tuesday joined the ranks of IT and management consulting firms that are making cutbacks, announcing plans to lay off 2,700 of its 60,000 employees as part of a wider cost reduction effort being driven by a "marked slowdown" in new business.
Cap Gemini Ernst & Young LLP today joined the ranks of IT and management consulting firms that are making cutbacks, announcing plans to lay off 2,700 of its 60,000 employees as part of a wider cost reduction effort being driven by a "marked slowdown" in new business.
Paris-based systems integrator and management consultant Cap Gemini Ernst & Young announced Thursday the formation of a 50-50 joint venture with global mobile telecommunications operator Vodafone Group PLC. The new company, which has yet to be named, will offer mobile services to corporate customers across Europe, Cap Gemini said.