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Cognizant laid off 9,400 employees in three months
short by Krishna Veera Vanamali / on Friday, 31 July, 2020
Nasdaq-listed global IT major Cognizant reported a decline in employee headcount by 10,500 to 2,81,200 as of second quarter ended June. CEO Brian Humphries, during an earnings call, said that voluntary attrition stood at 10.5%, which translates to roughly 1,100 employees, meaning 9,400 employees were laid off during the quarter. Humphries added the company has 2 lakh employees in India.
read more at The News Minute