Cognizant plans to lay off 10-20% of their USA workforce in the next 6 - 8 weeks. They are forcing every business unit — Even profitable revenue generating ones — to cut their workforce to move over to India or bring in lower level talent. HR was blind-sided by this and has very little info so it’s clearly coming from Ravi or Surya. They are trying everything to get the stock back up, so why not blindside the workforce right after being named a great place to work. Yeah right.
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Makes sense from company point of view. Too many employees have nothing to do.