Cognizant to layoff 350 employees and cut costs - watsupptoday.com
Cognizant to layoff 350 employees and cut costs
Posted 23 Dec 2019 03:17 PM

Image Source: NDTV

Cognizant has decided to let go of nearly 350 people who earn annual salaries ranging from Rs 80 lakh to Rs 1.2 crore, people with knowledge of the move said, as the company seeks to bring down cost and turn the focus more to digital from traditional technology services.

These employees are aged 50-55 years and most of them are based out of India. The list has been submitted to chief executive officer Brian Humphries’ office, the people said.

They are part of the 10,000-12,000 mid-to-senior level positions globally that the Teaneck, New Jersey-based company said in October it would remove from their current roles in the coming quarters, the people said.

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