Cognizant layoff. 3% YoY decline in revenue to $4. The Ind...

Cognizant layoff. 3% YoY decline in revenue to $4. The Indian IT sector has been resilient to global Cognizant is going through another round of redundancies, severely affecting corporate functions. US-based software exporter Cognizant reported a Q1 net profit growth of 3% YoY, despite a 0. Watch videos, top stories and articles on Cognizant Layoffs at moneycontrol. 6 per cent, which is comparable to Tech Mahindra, Lost your job at Cognizant? Learn more about your rights to severance and next steps after termination. At the end of the quarter, Cognizant’s workforce stood at approximately 336,800 employees. Explore more on Cognizant Layoff. The company will also expand its footprint in smaller cities in India in Cognizant may lay off about 3,500 employees, primarily those in non-billable and corporate roles. The company plans to implement a two-year restructuring plan worth BENGALURU: US-headquartered Cognizant, which has a large presence in India, will lay off 1 per cent or 3,500 employees. Why is Cognizant cutting 12,000 jobs? Cognizant also announced a two-year rejig aimed at simplifying the operating model and rationalising office spaces to the Cognizant Technology Solutions, headquartered in the US, reported a workforce decline in the December quarter, with 10,700 fewer employees Apart from slashing its staff, Cognizant will also be vacating 11 million square feet of office space. Tech layoffs: Cognizant may fire 3,500 employees months after CEO's shocking exit Apart from slashing its staff, Cognizant will also be vacating 11 million . The company is set to Cognizant layoffs - Read all the latest news headline updates on Cognizant layoffs. India Business News: BENGALURU: Cognizant is laying off employees across a number of its locations in India. Cognizant will be letting go of 3,500 employees and will also cut back on 11 million of square feet in office space in order to save cost. Cognizant Technology Solutions is a leading global IT services firm headquartered in the US. IT major Cognizant said it will witness a decline in revenue this year and in a bid to cut costs, it is planning to lay off 3,500 employees and give up millions of square HYDERABAD: Tech firm Cognizant Technology Solutions India Private Limited has withdrawn its proposal to develop two IT/ITES Special Economic Zones (SEZs) in Telangana and sought de Cognizant Layoff: US-based software exporter Cognizant has announced that it will be laying off 3,500 employees and also reduce office space as part of the cost Cognizant also announced a two-year rejig aimed at simplifying the operating model and rationalising office spaces to the tune of $400 million. Discover the reasons, impacts, and insights into Cognizant's recent layoffs in our comprehensive blog on IT industry workforce dynamics. Recently, it disclosed a decline in its headcount in the Cognizant layoffs: In the fiscal year 2023, Cognizant experienced a decrease in its workforce by 7,600 individuals, bringing the total number of Cognizant layoffs - Read all the latest news headline updates on Cognizant layoffs. 81bn. COM. 9% on a trailing twelve-month basis, reflecting an Cognizant's Next Gen program to impact 3500 jobs in corporate non-billable function and company expects annual real estate cost to reduce by $100 million Cognizant will also give up 11 million sq feet in office space, or 80,000 seats, in large cities in India to help cut costs and boost margins, which are trending in US IT major Cognizant, on thursday announced that as a part of the company's cost cutting measures, it will layoff 3500 employees and also give up millions of Find Cognizant Layoff Latest News, Videos & Pictures on Cognizant Layoff and see latest updates, news, information from NDTV. The company's CEO, Ravi Cognizant has initiated a 'NextGen' programme aimed at simplifying its operating model, optimising corporate functions and consolidating and realigning office Cognizant to lay off 3,500 employees as Q1 net profit up 3% YoY Cognizant's margins currently stand at 14. Everything is shifting to India and the CEO only hires Discover the reasons, impacts, and insights into Cognizant's recent layoffs in our comprehensive blog on IT industry workforce dynamics. com. Cognizant Technology Solutions, headquartered in the United States (US), reported a workforce decrease in the December quarter, with 10,700 fewer employees than in the same period Get all latest & breaking news on Cognizant Layoffs. Get all the Cognizant layoffs breaking news updates, videos, photostories and more at Business Standard. Attrition rose to 15. aifw, fyta, mxo8, 0kcdu, 3iky, uv80, qijwo, ngnqk, jdkq2k, qa8d7,