Cognizant to retain digital talent in slowdown, anticipating recovery

MUMBAI: Cognizant will protect employees with digital skills from layoffs even if they remain under-utilised during the ongoing economic crisis, its chief financial officer has said.

The Teaneck, New Jersey-based IT services provider earns around 38% of its $16.8 billion revenue from digital businesses, which include helping clients shift applications to the Cloud, marketing online and on social media and building applications for smartphones and maintaining them at scale.

Karen McLoughlin’s comments come amid moves to shed employees as part of cost optimisation.