Cognizant fires 200 senior executives
Thursday, October 11, 2018 IST
As part of its workforce management strategy, Cognizant has let go of about 200 senior employees. The move is aligned to tailor its workforce to newer digital requirements.
The move is likely to cost the Teaneck, New Jersey-headquartered company $35 mn in severance payouts, a report in the Times of India said.
Last year, Cognizant had offered nearly 400 employees a voluntary retirement scheme but this year's move by the company to cut senior level jobs is involuntary.
“As part of our ongoing workforce management strategy, we ensure we have the right employee skill sets necessary to meet client needs and achieve our business goals. This process has resulted in changes, including some employees transitioning out of the company. We continue to enhance our capabilities and hire for roles across all our practice areas in the company. Details of severance or any other conditions of employment are confidential,” the company said.
Related Topics
Related News & Articles
US President Donald Trump on Wednesday pushed for a merit-based immigration system that could benefit high-tech professionals from countries like India.
...
Recently posted . 807 views . 26 min read
HIGHLIGHTS
• It is getting tougher for H-1B visa holders to switch jobs
Recently posted . 675 views . 5 min read
Gone are the days when only your degree could get you to work in big companies or for big clients. As people preach the value of education do not forget to practice...
Recently posted . 1K views . 2 min read
It was supposed to be the crowning achievement of Malaysian tycoon T. Ananda Krishnan’s five-decade career.
Recently posted . 693 views . 1 min read
Travelling and exploring the globe is one of the best things you can expose yourself to. Not only is it one of the best ways to gauge a place’s culture and he...
Recently posted . 711 views . 6 min read
Trending News & Articles
ALMATY: Hour upon hour, day upon day, Omir Bekali and other detainees in far western China's new indoctrination camps had to disavow the...
Recently posted . 199K views . 1 min read
If you have payed attention to the belly buttons of people on the beach or the members of your family, you have probably noticed that they have different shapes and...
Recently posted . 8K views . 2 min read
In this age of terror, there might be nothing more terrifying than the thought of an attack carried out with chemical weapons. We’ve all heard the horrific ...
Recently posted . 3K views . 4 min read
Body fitness is one thing that everyone wants to maintain irrespective of age. Going to the gym and doing some great exercise always helps to maintain your body fit...
Recently posted . 3K views . 2 min read
More in National
It is said that when you are in love, you get weak in your knees and butterflies flutter inside your stomach. Well, this feeling is caused when you are in love du...
Recently posted. 629 views . 1 min read
IIMs Bangalore and Calcutta have improved their global rankings this year, but, other premier management institutes like IIMA and the ISB, H...
Recently posted. 764 views . 1 min read
The video is disturbing, and if it is all there was to this story, it would have been bad enough.
Recently posted. 559 views . 0 min read
Recently posted . 930 views
Recently posted . 904 views
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 1K views . 67 min read
Recently posted . 1K views . 52 min read
A pack was classified as illicit if it had a duty-free sign, no graphic health warnings, no textual health warnings or no mention of ‘price inclusive of all t...
Recently posted. 585 views . 1 min read
Only 50% respondents to the survey said that businesses in their industry have either only minor integration of cryptocurrency or blockchain technologies into the...
Recently posted. 1K views . 1 min read