The IT sector is on a spree of cutting-down employees. May it be a sluggish growth or the impact of digitalization – in recent times, the sector has loomed as the major workforce layoff.
Now, Cognizant has announced to lay-off over 6,000 employees which accounts 2-3 percent of the company’s total workforce. At the end of December 2016 quarter, the US-based software company had a total of 2.60 lakh employees globally with over 75 per cent of them employed in India.
Cognizant is said to be looking to cut roles that have become redundant due to the impact of automation on lower-end IT jobs. Cognizant is said to be looking to cut roles that have become redundant due to the impact of automation on lower-end IT jobs.
A spokesperson for Cognizant said 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.
“Any actions as the result of this process are performance-based and generally consistent with those we have made in the previous years. In any given year, the numbers may bounce a percentage here or there, but this is part of our standard practice. At the same time, we continue to enhance our capabilities and hire for roles across all our practice areas in the company,” he said in a statement.