Case Study: Leading Multinational Technology Company achieves $25.7M in cost savings with Magnit

Customized Contingent Workforce Program Creates $25.7Min Cost Savings

Leading Multinational Technology Company, an American multinational specializing in glass, ceramics and advanced optics, relied on a blended workforce but found contingent labor management far more complex than expected. The company engaged Magnit and its purely vendor-neutral MSP solution to increase visibility, streamline sourcing, and establish risk mitigation and worker classification practices, with Magnit acting as the single supplier of record for the enterprise program.

Magnit implemented contractor compliance, IC classification consulting, a strategic direct-sourcing private talent network, and “Project Loose Change” for rate optimization, while integrating with an external VMS to drive operational efficiency. Over five years Magnit delivered $25.7M in cost savings (including nearly $1M from market-rate and VMS/direct-sourcing adjustments), managed 130 fills via the private talent network, reviewed 66,000 purchases, achieved ~5% bill-rate reductions, and streamlined redeployment and supplier renegotiations.