DLF slashed its workforce 1,100, or about 30 per cent, during 2012-13 after outsourcing its construction and facility management activities, said media reports.
As per the Company's annual report, it had 2,600 employees on its rolls at the end of 2012-13, compared with 3,700 employees at the end of 2011-12.
The 1,100 employees have not been laid-off but have been redeployed to the outsourcing firms, a company official said to media.
"...it (DLF) has successfully outsourced the project execution/management and facility management. In addition, outsourcing of some of the accounting functions is also under way," DLF said in the annual report.
According to reports, DLF outsourced construction for its current and upcoming projects to contractors such as Larsen and Toubro to avoid delays. Facility management has been given to property consultants such as Cushman & Wakefield and Jones Lang LaSalle.