Get all the latest news and updates on Cognizant Lay Off only on News18.com. KITU Secretary Sooraj Nidiyanga was quoted stating that the union initiated legal action against the Nasdaq-listed IT firm after receiving complaints from affected employees. In October 2019, the company announced a massive round of job cuts that would impact up to 12,000 employees in the coming months.
Earlier this month, Cognizant had delayed joining dates of students secured through campus placements to the second half of 2020. India Business News: In the largest layoff exercise ever in the Indian IT sector, Cognizant will part with some 13,000 employees in the coming months out of which some 5, and that employees in cities such as Bengaluru and Chennai were being forced to resign. Cognizant to lay off 7,000 employees, shut content moderation business Cognizant plans to prune approximately 7,000 additional jobs-mid-senior level employees-in its other two units to invest in other segments such as cloud and internet of things to offset losses in the current setup.
© Bennett Coleman & Company Limited Targeted IT Consulting Layoffs, Staff Cuts Spread Worldwide. Most of the layoffs may reportedly be from Cognizant’s subsidiary Trizetto’s office in Pune, which it acquired four years ago. This will continue to be dependent on lockdowns and school schedules across India,” CEO Brian Humphries had said and reported by Cognizant said in an statement that the realignment programme will reduce the compensation expense by approximately $140 million on an annualized basis.Click to email this to a friend (Opens in new window)
While Cognizant does not comment on rumour and speculation in the marketplace, we would like to clarify that recent third party allegations regarding a specific number of job actions are not accurate, Cognizant continues to hire at all levels in India and globally.
Earlier, the Karnataka State IT/ITeS Employees Union (KITU) said it will pursue legal action after receiving complaints from employees who were allegedly laid off or asked to resign after being put on the bench.
Read all news including political news, current affairs and news headlines online on Cognizant Lay Off today.
The layoff is planned under Cognizant’s “realignment programme”.The severance package has been reduced from 20 weeks’ salary to three months’ pay plus one-week pay for every year of service completed. Updated Jul 03, 2020 | 19:50 IST | The Newshour AgendaHealthcare workers likely to contract COVID-19, despite PPEPatnaik's home district first in Odisha to see 10,000 casesNew vehicle insurance rule coming into effect todayTemples in N America to hold virtual prayer for bhoomi pujanCognizant laid off over 9,000 employees in last three monthsRIL eyes Biyani's FMCG biz to control Future's retail assets'Won't take vaccine until mandatory', says Rajiv Bajaj New education policy: The shift from 10+2 to 5+3+3+4 systemRBI wants govt to cut its stake in PSU banks to 26% Image: Picxy.com Atom Layoffs Thursday, August 29, 2019 - … Under new CEO Brian Humphries, Cognizant is undergoing a widespread restructuring aimed at boosting growth and lowering costs. Representational Image | Photo Credit: BCCL Cognizant to pay $5.7 million compensation to former employees for underpaid overtime hoursCognizant offers voluntary separation package for US employeesCovid-19: Cognizant announces 25% extra base pay for staff in India, Philippines
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