IBM scaling down India business, MD Vanitha Narayanan to return to US

A decade after IBM put India at the core of its global strategy for software services, by building an army of engineers, the company is shedding staff, scaling down investments and even shuffling the top leadership in the country. Already, from around 1.65 lakh employees on its payroll by 2011, IBM's India headcount has now fallen to around 1.13 lakh and set to slide to 1 lakh by March 2015, according to people familiar with the company's plans.

read more at http://articles.economictimes.indiatimes.com/2014-10-29/news/55558836_1_...

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