IndyMac layoffs in India 400-450

Independent mortgage lender in the US, IndyMac Bancorp, has decided to cut down staff with its temporary and outsourcing vendors by 27%, mainly in India.

Currently, three service providers in India, Cognizant Technology Solutions, ExlService Holdings and WNS, cater to the ninth-largest American mortgage lender. IndyMac’s move could impact about 400-450 people at the three service providers.