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Cognizant to depose more than 6,000 employees

Cognizant to depose more than 6,000 employees

New Delhi: IT giant Cognizant Technology Solutions in a report on Sunday has said that it is likely to lay off more than 6,000 employees or around 3% of its workforce. Officials said that the lay-offs were based on “under performance and skill mismatch” as well as the rise in digitization and automation. Officials said the actual number of employees dismissed will be known by March 31, once the company’s appraisals are completed.

In a statement the company has said that as part of the workforce management strategy, the company conducts regular performance reviews to ensure it has the right employee skill sets necessary to meet client needs and achieve business goals. This process results in changes, including some employees transitioning out of the company. The statement also said that the company simultaneously tries to improve its capabilities with hiring people for various roles.

As per reports, by December 2016, the firm had 2.60 lakh staffers across the globe with over 75% based in India. In 2015, the United States-based company laid off 1% of its staff and dismissed 2% of its employees in 2016.

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