bengaluru verizon data services india a whollyowned subsidiary of verizon of the us has let go off several hundred employees as the company consolidates its strategy and undertakes a role rationalisation exerciseverizon said that the market reality is marked by fierce competition increasing customer demand and evolving technology as verizon consolidates its strategy so we can scale compete and continue to be successful verizons it including verizon data services india is transforming into an engineeringcentric technology organisation the transformation entails rationalisation of roles which has an impact on headcount the company said in a statement without sharing details about how many employees were impacted we are doing role rationalisation not to meet a specific number but to match the talent with the requirements of the business for its future it saida facebook post of the it employees union forum of it employees fite said verizon data services india has fired over 1000 employees across india we are receiving a number of calls across the country for help a fite spokesperson when contacted by toi declined to say how it arrived at its layoff figurevds india has around 7000 employees in india spread across chennai and hyderabad it was set up in 2011 to support verizons domestic and wireless business in the us alongside its global enterprise solutions business vds india was focused on application development and support to enable operating support systems oss and business support systems bss and erp and customer operations the company spokesperson said it is repositioning as an engineeringcentric organisation focused on newer engines of growth its parent organisation verizon is betting big on 5g broadband services like its competitors in the us in india the company offers ip services managed networks it and security solutionsverizon acquired yahoos core internet business last year four years ago verizon started an initiative called verizon labs to develop platforms and applications on top of its networks in areas like internetofthings iot internet services big data and analytics this has a significant presence in indiawhen we started it labs we thought of india as a key part of our strategy we always felt india had the best talent anywhere in the world guru pai chief product officer of verizon told toi on a visit to bengaluru last year at that time this facility had 200 engineers and computer science experts out of the 2000 that verizon labs has globally this centre is likely to have grown since then