France's finance minister is urging Capgemini to clarify its contract with U.S. Immigration and Customs Enforcement

The French government has urged the IT group Capgemini to review its activities following revelations that one of its US subsidiaries had signed a contract with the United States immigration police (ICE),

A US subsidiary of the French IT services multinational has been helping track undocumented individuals on behalf of Immigration and Customs Enforcement.

The deal was reportedly for identifying foreigners on US soil and tracking their locations. Read more at straitstimes.com. Read more at straitstimes.com.

Capgemini plans to cut up to 2,400 jobs in France, that is, around 6% of its local workforce, as weak demand hits its home market. The slowdown has affected sectors such as automotive, reducing client spending on IT services.

After it was revealed that one of the French firm Capgemini's subsidiaries had worked for the US agency behind the current immigration crackdown, Roland Lescure pressed the company to be 'extremely transparent' about its activities.

Capgemini SE is a company that provides consulting services globally. Revenue has grown at a CAGR of 8% and we believe high single-digit organic growth should continue. Margins are sticky, allowing the business to generate improving returns over time.