Cognizant Technology Solution (CTS) is going to fire its employees in terms of Performance Management. The latest report suggests, the company is undergoing to lay off the employees who are on the bench.
Cognizant Layoffs: News and Rumors
Cognizant company has made a statement at ET NOW saying “Performance management is a normal process across all companies in the IT industry, including Cognizant.”
However, the company also said that firing 18,000 employees is not true. There are rumors going around and reporting that the employees who are in a bench period for more than 30-40 days might be asked to leave. Adding to that, there is no accurate number of employees according to the report of Performance management.
The cognizant company also added, they are hiring more in India and globally. Investing more on re-skilling and upskilling the employees and also training them with the latest digital technologies. All the above statements were issued by Cognizant.
The layoff of the employees is according to normal performance management. However, mostly the numbers are being rumored. So the number of job cuts is not accurate. Will update the article according to the latest news from Cognizant.
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