Cognizant layoffs: Gloom continues, jobs in tech and IT companies dry up
www.hindustantimes.com : Cognizant, the New Jersey-headquartered software services company with most of its operations in Chennai, is likely to lay off 6,000-10,000 “ redundant and non-performing” employees.
The retrenchments are reportedly a part of the appraisal process, as digitisation and automation become the new normal for Indian IT firms; and Cognizant is not different from Infosys, Wipro and TCS.
The way IT services are being delivered is changing. Add to that, America’s growing protectionism is making offshore business difficult. Clients want a higher degree of automation, and digital services have already started contributing to 20% of IT services’ revenue.
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