data generation giant cognizant era solutions is likely to lay off at least 6,000 employees, the instances of india mentioned. the united states listed it enterprise, which has a sizeable group of workers in india, is expected to reduce down its employee be counted with the aid of as a great deal as 2.three in keeping with cent.
"as part of our team of workers control approach, we conduct everyday performance evaluations to make sure we have the right employee skill sets vital to satisfy client wishes and attain our business goals. this procedure consequences in modifications, together with a few employees transitioning out of the organization," a cognizant spokesperson stated.
the circulate comes at a time while automation of entry-degree positions is making thousand of jobs redundant in the indian it area.
closing 12 months, the layoffs had been about 1-2 according to cent, at the same time as years ago, it became about 1 according to cent. cognizant had 2,60,200 personnel globally as on december 31, with 1,88,000, or seventy two%, based totally in india, the record stated.
cognizant, which competes with indian firms like tcs and infosys, noticed its maximum hard time with revenue growing eight.6 in step with cent, after years of double digit growth.
at some point of 2016, the organization the it company stated a two consistent with cent drop in net profit to $416 million for fourth quarter ended december 31, 2016 towards $423 million for the identical quarter closing yr.
in february, cognizant era solutions corp introduced that it'd do proportion buybacks worth $three.4 billion over two years.
"as part of our team of workers control approach, we conduct everyday performance evaluations to make sure we have the right employee skill sets vital to satisfy client wishes and attain our business goals. this procedure consequences in modifications, together with a few employees transitioning out of the organization," a cognizant spokesperson stated.
Information technology giant Cognizant Technology Solutions is likely to lay off at least 6,000 employees, the Times of India reported. 'Cognizant may lay off 6,000 employees this year'the layoffs are in all likelihood to be extra this year than the recurring annual exercising that weeds out the lowest 1% of the body of workers for non-overall performance as determined by the annual appraisal manner that ends in march, the report stated.
the circulate comes at a time while automation of entry-degree positions is making thousand of jobs redundant in the indian it area.
closing 12 months, the layoffs had been about 1-2 according to cent, at the same time as years ago, it became about 1 according to cent. cognizant had 2,60,200 personnel globally as on december 31, with 1,88,000, or seventy two%, based totally in india, the record stated.
cognizant, which competes with indian firms like tcs and infosys, noticed its maximum hard time with revenue growing eight.6 in step with cent, after years of double digit growth.
at some point of 2016, the organization the it company stated a two consistent with cent drop in net profit to $416 million for fourth quarter ended december 31, 2016 towards $423 million for the identical quarter closing yr.
in february, cognizant era solutions corp introduced that it'd do proportion buybacks worth $three.4 billion over two years.
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