US-based IT services firm Cognizant has recently offered a voluntary separation package for select employees in the United States. As the company weighs its prospect due to the COVID-19 pandemic, it has offered the scheme to employees who move to the bench between May 1 to August 31, 2020. According to an internal email, the…
Tag: cognizant job cuts
Cognizant facing flak from 3,000 staffers, employees file class-action lawsuit
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•Cognizant, the New-Jersey headquartered IT services provider, has been making massive changes in the ways it used to handle its operations. The company has been going through a major transformation under its CEO Brian Humphries, who took charge in April 2019. Under Humphries, the company announced its plan to remove 10,000-12,000 mid-to-senior level associates globally,…
Cognizant reduces bench time for employees
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•Cognizant has been actively working on cost cutting measures for some time now. In recent months, the company has announced a series of measures to contain its finances and streamline its business. Earlier in October 2019, while announcing the company’s financial results – Brian Humphries, Chief Executive Officer (CEO) said, “Over the past few months, we’ve…
Cognizant to cut up to 7000 jobs; exit content moderation business.
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•Over the next two years, Cognizant will focus on optimizing its core portfolio and invest in identified four areas – Data, Digital Engineering, Cloud, and IoT.Cognizant, in an effort to streamline its cost structure and focus on optimizing its core portfolio, plans to cut about 5000 – 7000 jobs. During the post earnings conference call…