Layoffs at Cognizant: 18,000 employees benched; Karnataka union to approach govt against IT major

BENGALURU: State IT employee unions in Karnataka and Chennai have alleged that US tech firm, Cognizant, is executing mass layoffs after benching nearly 18,000 employees across India....

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Jul 06 2020 (02:42)

SanchiExpress~

SanchiExpress~ 1167 blog posts

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Re# 4662853-1 Past Edits

@4662853-0 @deep_rudra_deep~

Problem with all these IT giants in India is that most of their work (~60% - 80%) is dependent on offshoring/ oversees projects. If there is downsizing at client end, it eventually will hit these IT companies.

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Jul 06 2020 (02:44)

deep_rudra_deep~

deep_rudra_deep~ 841 blog posts

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Re# 4662853-2

@4662853-1 @SanchiExpress~

Yes.Projects from foreign countries if reduced IT sector will be in problem

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