Asia Pacific Japan Changing Traditional Technologies Chief Executive Officer Chief Human Resources Officer Chief Information Officer Cognizant Free Insights Greyhound Reports Media Mentions Greyhound Snippets ITES Large Enterprises Managed Services Strategic Outsourcing Technology Transformation

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 in the classic case of Flipkart vs Amazon, Uber vs Ola, and InMobi vs Facebook,” said Sanchit Vir Gogia, Chief Analyst and CEO of Greyhound Research.

[Hindustan Times]

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s