IMF to outsource IT work

March 15, 2017 6:30 pm | Updated 4 years ago.

With the advent of digitization, The International Monetary Fund (IMF) situated in Washington is envisaging on outsourcing some of its work related to IT. This move might affect more than two hundred IT workers working with the IMF. The entire work has been outsourced to an IT service provider based in India, L&T InfoTech.

The entire process of outsourcing involves training of L&T workers, although the IT workers previously working in IMF are given incentives to stay. The workers who had been employed under third – party contract will be affected by this outsourcing. The departments that IMF plans to outsource comprises of networking, security, server and desktop maintenance. Officials from the IMF were however not available for comments.

L&T InfoTech is a firm which is hugely dependant on H-1B visas and will be affected if new visa regulations are put into place. The existing employees are leaving for other jobs and L&T InfoTech is required to provide jobs only to a very small number of employees.