Nasscom Update on Middle East Situation

March 2, 2024

The National Association of Software and Service Companies (Nasscom) has issued an update on the Middle East situation, stating that technology businesses remain stable at this time. However, Nasscom's member companies are taking a cautious approach, with employee safety and security being the top priority.

Precautionary Measures

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

As a precautionary measure, Nasscom has advised member companies to defer travel to affected areas and enable work-from-home arrangements for employees currently in the region. This decision comes as Nasscom remains in constant touch with the Nasscom Middle East Council, advising all employees in the region to maintain regular contact with their respective local embassies.

Industry Response

Major IT companies, including Tata Consultancy Services (TCS), are taking proactive steps to address the situation. TCS has issued an internal advisory asking its associates in the Middle East to stay indoors and suspending all incoming and outgoing business travel to and from the region due to flight disruptions. The company's country leadership and human resources teams have activated a call tree service to contact stranded employees in the impacted and bordering regions on priority.

Other IT majors, such as Infosys and HCLTech, have also been affected, with several senior executives stranded in Abu Dhabi and Dubai while traveling to attend the Mobile World Congress in Barcelona.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline