Cognizant Technology Solutions, India’s second-largest software company, plans to ‘remove’ 10,000-12,000 mid-to-senior level associates globally from their current roles in the coming quarters.
Yugal Joshi, Vice-President at research firm Everest Group, reacting to Cognizant’s announcement, said that most Indian service providers are now facing the heat of large employee base, challenging demand environment and profitability issues. As digital transformation impacts their talent model and clients, every resource is supposed to get billed. A ‘bloated’ middle management is under threat, he said.
