Article Highlights
Layoffs at Cubic: Vendor says it amounts to only 2% of global workforce, but insiders counter that it’s taking a toll on engineers and other highly skilled job categories, outside of India. Also: Is Conduent receiving bids on the sale of its transportation unit?; and state says Tasmanian Project ‘is Proceeding,’ but there have been challenges.
• Document: Conduent Inc.’s Q3 earnings report
• Cubic
• Conduent
• Veritas Capital
• Victoria State gov.
• TfNSW (Sydney)
• TMR (Queensland)
U.S.-based Cubic Transportation Systems has yet to release a total for the number of employees it plans to lay off, but Mobility Payments is hearing it could be 15% or more across certain job categories, such as engineers, architects and project managers outside of India. Cubic emphatically denies this estimate.
When asked to quantify the job cuts and how they compare to Cubic’s global workforce, a spokesman for the vendor would only confirm to Mobility Payments that “2% of employees are being laid off.”
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