UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  December 6, 2010

TeleTech Holdings, Inc.

(Exact Name of Registrant as Specified in Its Charter)

(303) 397-8100

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12(b))

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01.  Other Material Events

On December 6, 2010, TeleTech issued a press release announcing that TeleTech’s Board of Directors approved an increase of $50.0 million in the funding available for share repurchases pursuant to TeleTech’s previously announced share repurchase program. Repurchases under the program may continue to be made through open market purchases or private transactions, in accordance with applicable federal securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The timing of any repurchases and the exact number of shares of common stock to be purchased will be determined by TeleTech’s management, in its discretion, and will depend upon market conditions and other factors.

A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.              Financial Statements and Exhibits.

(d)           Exhibits.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  December 7, 2010

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TELETECH HOLDINGS, INC.

EXHIBIT INDEX

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Exhibit 99.1

TeleTech Announces Increased Authorization for Share Repurchases

$50 Million Added to Current Repurchase Program

ENGLEWOOD, Colo., Dec. 6, 2010 — TeleTech Holdings, Inc. (NASDAQ: TTEC), one of the world’s largest global providers of comprehensive enterprise solutions that maximize revenue, transform customer experiences and optimize business processes, today announced that its Board of Directors has approved an increase of $50 million in the funding available for share repurchases.

This increased authorization brings the total amount available for repurchase to approximately $77 million from the $27 million that was still available for share repurchases as of September 30, 2010 under the previous authorization approved by the Board in August 2010.

During the first nine months of the year, TeleTech repurchased 3.2 million shares of common stock for approximately $48 million.

“The Board’s decision to further increase our share repurchase program demonstrates its confidence in the company’s long-term growth prospects and its ability to deliver transformative solutions that differentiate the service experience for its clients,” said Kenneth Tuchman, chairman and chief executive officer.  “TeleTech’s strong cash flow from operations, positive net cash position and solid balance sheet has enabled us to repurchase our stock while also continuing to invest in strategic growth initiatives.”

The stock repurchase authorization does not have an expiration date and the pace of repurchase activity will depend on factors such as levels of cash generation from operations, current stock price and other factors.

ABOUT TELETECH

For nearly 30 years, TeleTech and its subsidiaries have helped the world’s largest companies achieve their most ambitious goals.  As the go-to partner for the Global 1000, the TeleTech group of companies delivers technology-based solutions that maximize revenue, transform customer experiences and optimize business processes.  From strategic consulting to operational execution, TeleTech’s more than 42,000 employees drive success for clients in the communications and media, financial services, government, healthcare, technology, transportation and retail industries. Our companies deliver award-winning integrated solutions in support of customer innovation, revenue generation, hosted technology, enterprise innovation, learning innovation and professional services. For additional information, please visit www.teletech.com.

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