Cognizant may cut jobs, mostly in India; mid-level staff to be worst hit

Company, with a total staff base of 281,600 in 2018, had 70 per cent of its total employees located in India

Debasis Mohapatra Bengaluru
Cognizant may cut jobs, mostly in India; mid-level staff to be worst hit

US-based IT services company Cognizant is likely to opt for more job cuts this time as the firm’s headcount additions were not in sync with the revenue growth in the past two quarters.
The company, which has guided for the lowest growth in its history for this calendar year, had given voluntary separation package to around 400 senior executives in 2017 as part of its cost optimisation measures.
According to sources, this time, not only would the job cuts be higher, but they would be even more broad-based, encompassing various levels of employees. “While last time, the job cuts were limited to senior-level staffers. This time, even non-billable mid-level executives such as managers and even staffers in the consulting vertical with low utilisation levels are likely to be affected,” a person familiar with the development said. 

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First Published: May 06 2019 | 10:20 PM IST

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