Cognizant trimmed 5% of its 260,000 workforce in March
The FITE has filed a petition at the Tamil Nadu labour department to protect the interests of software engineers who have been sacked on performance grounds, even as companies struggle with changing technology and business shifts.
Cognizant has denied that there have been any layoffs and said employees had been let off because they did not meet performance requirements.
“Cognizant has not conducted any layoffs. Each year, as is the best practice across our industry, we conduct a performance review to ensure we have the right employee skill sets necessary to meet client needs and achieve our business goals. This process results in changes, including some employees transitioning out of the company,” said a company spokesperson on email.
“Any actions as a result of this process are performance-based and generally consistent with those we’ve made in previous years. In the March quarter, we hired thousands of professionals — top talent from campuses, as well as from the lateral market,” the company said.
In March, Cognizant trimmed five per cent of its 260,000 workforce as it looked to shift its focus on emerging areas such as digital.
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