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 2019
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, 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 with analysts, Cognizant said that the cost cutting measures would lead to exit of about 10000-12000 mid to senior level employees from their current roles. […]