Mentor Graphics to downsize Indian staff

Mentor Graphics, the US-based electronic design automation (EDA) company, is downsizing its workforce in India. The company, which provides software and hardware design solutions for EDA worldwide, has two R&D centres in India. It employs about 350 engineers at the centres in Noida and Hyderabad.

Mentor Graphics also has a sales and services centre in Bangalore. Globally the $800 million company employs about 4,500 people. Financial Chronicle spoke with a couple of employees in the Hyderabad centre who confirmed that the company was downsizing. Speaking on condition of anonymity, an employee said, “As of now, 50 to 60 employees have been asked to leave by April-end at the Hyderabad centre and some more employees have been absorbed in other projects. Few have also got the option of moving to the US.”

He added, “The company is trying to consolidate different teams as a part of geographical restructuring move. This means that looking at the size of the team in a particular region the entire team is being consolidated there.”