February 22, 2017 7:00 pm | Updated 2 years ago.
As President Trump unveils new H1B visa norms, the US based retail giant, JC Penny Co Inc envisages on reducing its outsourcing business to India. JC Penny Inc is well-known for outsourcing IT functions related to software development and maintenance to companies like Infosys and TCS. This cut comes in the wake of changing political scenario in the USA along with technological shifts.
The US based retail giant is also losing out to online retailers like Amazon and Flipkart. As a part of its new policies, it plans to hire software professionals for its technology center by hiring locals and cutting cost in the entire procedure. The company will also hire locals to run its business in the USA. As the India office boasts of highly talented individuals, the company sources mentioned that the centre in India will be an extension of the office in Plano in will work in unison to enhance revenue and profit.