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Cognizant: I-T department freezes Cognizant’s bank accounts for non-payment of Rs 2,500 crore Tax.. indiatimes.com

India Business News: The Income Tax department has frozen some of the bank accounts of Cognizant Technology Solutions India P Ltd (CTS) to recover Rs 2,500 crore which the

timesofindia.indiatimes.com/business/india-busi...

2018-03-28 14:01:36 by devarajn
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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.

2017-03-21 08:56:46 by Li Xia
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