Cognizant to Lay Off 3,500 Employees and Redistribute Physical Workplaces, Focusing on Smaller Indian Cities | Business Outreach

Cognizant to Lay Off 3,500 Employees and Redistribute Physical Workplaces, Focusing on Smaller Indian Cities.

Cognizant, an IT services company listed on Nasdaq, has announced its plans to lay off 3,500 employees due to an expected revenue decline in 2023.

This decision comes as customers reduce their discretionary spending and key markets slow down.

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The saved costs will be used to improve employee utilization.

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