Cognizant Layoffs May Not Spike This Time Around


Cognizant may not vastly differ this year from its regular annual layoff numbers post completion of employee appraisals, said company sources.

The company's workforce number stood at around 260,000 as on December 2016 with the majority of them in India.

"Post appraisals it is normal that the company asks some to leave based on their performance rating. It happens every year. This year it seems this aspect has got media attention and the percentage seems to be inflated," said a long-term employee of the company.

"The managers have not been told to warn their team members about their impending exits," he added.

"As part of our workforce management strategy, we conduct regular performance reviews to ensure we have the right employee skillsets necessary to meclient needs and achieve our business goals," a Cognizant spokesperson said.

"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've made in previous years," the spokesperson added.

He said the layoff numbers would be clear only when the appraisal process gets completed by the end of this month.


(Image Courtesy: Pixabay.com)

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