As a cost cutting move, Cognizant plans to lay off 7,000 employees

As a cost cutting move, Cognizant plans to lay off 7,000 employees: Reports are running rife that Cognizant Technology Solutions (CTS) will be removing 10,000 to 12,000 mid-to-senior level associates from their current roles. This was announced by Brian Humphries, CEO of Cognizant

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Reports are running rife that Cognizant Technology Solutions (CTS) will be removing 10,000 to 12,000 mid-to-senior level associates from their current roles. This was announced by Brian Humphries, CEO of Cognizant in its earning call with analysts on Thursday. As a part of the lay-off move, the company also aims to reskill around 5,000 associates and redeploy them. This will result in around 5,000-7,000 employees eventually losing their jobs in the coming quarters.

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