Cognizant Slashes Jobs As Part Of Cost Cutting, Revamp Plan

Cognizant Technology Solutions will eliminate as many as 7,000 mid-senior level jobs globally and reskill about 5,000 employees as part of a plan to save costs and simplify the company’s organizational structure. “Such layoffs are already happening quietly in the industry…

Cognizant Tax Evasion Issue Unlikely To Have Significant Impact

Industry experts believe that Cognizant will not see much impact from its ongoing case with the income tax authorities in India. "Cognizant is not a company that is known to be non-compliant. That said, a company of its stature should…

Cognizant Layoffs: Gloom Continues, Jobs In Tech And IT Companies Dry Up

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. “When global competition stepped in, Indian companies went through multiple levels of devaluation – for example…

Indian IT Firms Face Uphill Task For New Contracts Up For Rebid

India’s software exporters seem to be the new incumbents in the global technology outsourcing space. In the next two years, clients such as BNP Paribas, Procter & Gamble, Johnson & Johnson, Citigroup and DuPont will look at their existing contracts…

Should The Indian IT Sector Be Vary Of New US President-Elect Donald Trump

Republican candidate Donald Trump just two days ago during his election rally had strongly criticized technology giant IBM for laying off 500 staffs working at Minnepolis located on mid-western US state of Minnesota. During his rally, Trump also had said…