Cognizant has decided to lay off about 350 people as the company seeks to bring down costs and turn the focus more on digital from traditional technology services. The layoffs will be done from mid-to-senior level positions globally. As per a company spokesperson, these employees are aged between 50-55 years, most of whom are based…
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…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, today announced its acquisition of W12 Studios, an award-winning digital design studio based in London. This the first acquisition of India’s largest IT services company in about four years. The company, however, did not disclose the financial details of the deal. This…
Cognizant, a multinational corporation that provides IT services, including digital, technology, consulting, and operations services has asked 200 of its senior level employees to resign their job. The reason behind firing is believed to be Cognizant’s focus on “newer digital requirements”, the Times of India reported, adding the company would bear around $35 million in…
The US-based IT firm Cognizant, on Monday, announced that the company’s Board has elected Michael Patsalos-Fox as its new Chairman. Patsalos-Fox, 65, succeeds John E Klein, who has served as Chairman for nearly 15 years and will remain a Board member. Prior to his new role, Patsalos-Fox was working with Finance, Management Development and Compensation, and…
Cognizant (Nasdaq: CTSH) has opened its newest U.S. regional technology and service delivery center in Irving, Texas. The opening follows a November 2017 announcement by Texas Governor Greg Abbott on the company’s plan to invest more than $8 million to expand in Irving and create 1,100 new jobs by 2023. With its U.S. operations headquarters in College Station, Texas, Cognizant is a global leader in business, digital and technology…
Cognizant, a leading provider of information technology, consulting, and business process outsourcing services, has announced that Michael Patsalos-Fox has been elected to its Board of Directors. Mr. Patsalos-Fox, 59, is a Senior Partner of McKinsey & Company, where he has worked for 31 years. During his tenure at McKinsey, Mr. Patsalos-Fox has served on the…
Cognizant has entered into an agreement with ING to create a centre of excellence (COE) for insurance & finance business process services. As a part of the agreement about 1000 ING US employees will join Cognizant to create the US based COE. The agreement with ING enables the Cognizant COE to offer comprehensive array of…