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Wipro, Infosys, Tech Mahindra, Cognizant cut India jobs in large numbers newsreporter.in

Wipro Infosys Tech Mahindra Cognizant cut India jobs in large numbers

Once India's global claim to fame, the country's information technology (IT) sector is seeing a spate of layoffs by IT majors like Tech Mahindra, Wipro, Infosys and Cognizant.

The churn in the IT sector — which is moving towards increasing automation, use of artificial intelligence and is beset by tightening visa regulations — is likely to affect mid-level employees with 10-15 years of experience the most, as many are averse to learning new skills, industry experts have said.

2017-05-11 07:46:22 by Vaishnavi
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Cognizant to lay off 6000 employees newsreporter.in

Cognizant to lay off 6000 employees

BENGALURU: Cognizant appears set to cut at least 6,000 jobs, which represents 2.3% of its total workforce, as it struggles with growth in an IT environment that is fast shifting towards new digital services.

The variable payout to employees for 2016, too, is expected to be adversely affected, according to sources familiar with the matter.

2017-03-20 23:26:46 by Li Xia
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