Cognizant Hints At Further ‘Cost Cutting’ Measures Due To Coronavirus; TCS Has Impressed Them | In the News

The IT multinational firm, Cognizant will further streamline costs in its core legacy business, Cognizant’s Chief Financial Officer (CFO), Karen McLoughlin has said.

Peter Bendor-Samuel, Chief Executive, Everest Group said, “(Cognizant can) increase the offshore-onshore ratio – that is, they can have a larger proportion of their workforce in low-cost destinations such as India. He also said, “This is hard to do in the current environment where clients are often seeking to have more work delivered onshore.”

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