Hyderabad: IT sector has never faced a tougher scenario than this. Thanks to Donald Trump’s ascent as US President there is already panic in India's IT sector and to make the panic true here comes a shocker of a decision from IT major Cognizant!
The company decides to downsize its workforce due to automation. The US-headquartered IT major plans to cut down 6000 jobs. The company has 265,000 employees across the globe.
In India alone the company has 188,000 employee work force and the decision to cut down staff to 2 to 3 per cent may hit hard on Indians. At least 6000 employees may be given get pink slips, and a 90% of them will be Indians.
In the last year too Cognizant had given pink slips to its employees, though not in this scale!