IT firm Cognizant is considering job cuts to slash costs. The head of company’s digital business, Gajen Kandiah, left the company, after the US-listed IT company forecast the worst annual growth in its history.
“As part of our realignment program, management is currently evaluating various strategies, including additional employee separation programs. The timing, nature, and magnitude of these initiatives are not finalized at this time,” Cognizant said.
The Teaneck, New Jersey-headquartered company has been cutting jobs for the last two years. Last August, the company said it was cutting 200 senior jobs to make way for juniors to grow. In 2017, it had offered employees a voluntary separation program. Click here for the full story.