Cognizant layoffs may not spike this time around

Cheni, March 19: Information Technology major Cognizant Technology Solutions may not vastly differ this year from its regular annual lay off numbers post completion of employee appraisals, said company sources. Rumours abound about a spike in the employee see-off numbers this year contrary to the annual one to two per cent, sources said on Saturday. 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 magers have not been told to warn their team members about their impending exits,” he added. “As part of our workforce magement 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.  (IANS)