Cognizant set to sack 13,000 as part of ‘2020 Fit for Growth Plan’

Cognizant plans to remove around 7,000 mid- to senior-level jobs and shut down its content moderation business, further impacting 6,000 jobs, as part of its ‘2020 Fit for Growth Plan’. The Nasdaq-listed IT services firm also posted largely in-line numbers for the July-September quarter on Thursday.

The firm, which competes with TCS and Infosys, has close to 70 per cent of its global headcount in India (200,000 employees across 13 centres). The Teaneck-headquartered firm has not yet spelt out the impact of these moves on its India headcount, leaving its employee base here anxious.

Forum for IT Employees (FITE), a self-proclaimed union for those working in the IT sector, meanwhile, has asked the firm to stop all lay-offs immediately.