Cognizant to layoff 6,000 employees
New Delhi: IT major Cognizant Technology Solutions will lay off almost 6,000 people or 2.3 percent of its workforce, a news paper report said on Monday.
As per a report in Times of India, Cognizant is "said to be looking to cut roles that have become redundant due to the impact of automation on lower-end IT jobs."
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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," a long-term employee of the company told IANS on the condition anonymity.
"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 meet client 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.
According to him, in any given year, the layoff numbers may bounce a percentage here or there, but this is part of standard practice.
"At the same time, we continue to enhance our capabilities and hire for roles across all our practice areas in the company," he said.
He said the layoff numbers would be clear only when the appraisal process gets completed by the end of this month.