{"id":52530,"date":"2022-08-15T09:00:07","date_gmt":"2022-08-15T01:00:07","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=52530"},"modified":"2022-08-12T15:38:30","modified_gmt":"2022-08-12T07:38:30","slug":"atos-records-losses-while-moving-16k-of-its-workforce-offshore","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/atos-records-losses-while-moving-16k-of-its-workforce-offshore\/","title":{"rendered":"Atos records losses while moving 16K of its workforce offshore"},"content":{"rendered":"
IT services provider Atos reported a 0.6% revenue loss in the first half of 2022 amid a costly group transformation that involves employing about 16,000 individuals offshore and a two-way split of the group.<\/span><\/p>\n Last month, Atos announced that it would spin out its Digital, Big Data, and Security businesses into a new separate, publicly traded entity called Evidian while the company\u2019s remaining legacy bits \u2014 including Data Centre & Hosting, Distal Workplace, Unified Comms, and BPO \u2014 will be put into its Tech Foundation Co (TFO).<\/span><\/p>\n With the ongoing restructuring, the France-based firm\u2019s group revenue declined to \u20ac5.563 billion\u00a0 (US$5.74 billion) year-on-year in the January to June period.\u00a0<\/span><\/p>\n Meanwhile, Evidian grew two per cent to $2.539 billion, while TFO declined 2.6% to \u20ac3.024 billion (US 3.12 billion).<\/span><\/p>\n Further, 12,370 employees left the company during the first half of this year while recruiting offshore and nearshore workers.\u00a0<\/span><\/p>\n However, the company said that they have a \u201cmuch more contained revenue decline\u201d than last year.<\/span><\/p>\n At the same time, Atos stated that they had witnessed a \u201csharp rebound in order entry\u201d in the second quarter and the book-to-bill ratio improved to 101% compared to 78% in Q1.\u00a0<\/span><\/p>\n