Subcontractors face the axe as IT rejigs costs

6:50pm PDT - April 29th, 2020    pyramid head - The Times of India

TCS, Infosys, Wipro and Mindtree said subcontracting costs are expected to fall in the coming months. On average, subcontracting forms about 10-15% of total employee cost. In the last few years, subcontracting costs had spiked as IT firms looked beyond in-ho…