Cognizant to lay off around 7,000 staff

Chennai: Global IT services company Cognizant will lay off around 7,000 mid-to-senior level employees globally and is exiting the Digital Content Business, which will affect another 6,000 jobs.

The company has decided to remove 10,000-12,000 mid-to-senior level employees worldwide from their current roles in coming quarters. As on September 30, Cognizant’s worldwide employee strength stood at 2,89,900. The net reduction will be 5,000 to 7,000 jobs, or about two per cent of the company’s total population, as the company aims to re-skill and redeploy about 5,000 of the total employees impacted, said, CEO Brian Humphries in a post-earnings call.