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IT Major Cognizant Likely To Lay Off 6,000 Employees
Employees to be laid off represent over 2% of Cognizant's workforce The layoffs are part of the routine annual reviews, says Cognizant Cognizant had earlier announced to return $3.4 billion to shareholders
20 Mar 2017, 01:51 PM IST 
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The layoffs are part of the routine annual reviews to weed out non-performers, says Cognizant.
IT major Cognizant, which has significant operations in India, is likely to cut at least 6,000 jobs, according to people familiar with the matter. This represents over 2 per cent per cent of its total workforce. Nasdaq-listed Cognizant approximately had 2.6 lakh employees as of December 31, 2016. The layoffs are part of the routine annual reviews to weed out non-performers, a company spokesperson told NDTV. Cognizant has also cut var...
