Mattel to ink $20 mn deal with Wipro to outsource IT work

NEW DELHI: Mattel has chosen Wipro to outsource its IT infrastructure management work and the deal size is likely to be around $20 million, reported ET Now on Wednesday. (Watch)

Wipro is yet to get back on the exact size of the deal but experts say that it is likely to be in the range of $20 million or even lesser than that but they say that there is huge potential given Mattel’s size, the report said.

It is the world’s largest toymaker by revenue and it owns much loved brands like Barbie and Hot Wheels.

Now Mattel has also gone on record to say that there will be some job losses due to this especially because it is also going to be outsourcing work that is done at its Phoenix Technology Centre to Wipro but they are yet to give a number on how many jobs will be lost and what kind of departments will be impacted by this because they say that they are still etching out the details of this deal with Wipro.