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…
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…
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…