Thread regarding Cognizant layoffs

Cognizant Layoffs 2020

How likely is that there will be Cognizant Layoffs 2020? Any news or rumors?

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Post ID: @OP+125svOy0

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New D+ exercise is starting. Will be onshore and offshore for delivery entirely based on span of control. Will start mid Dec or Jan, not yet decided.

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Post ID: @fkkd+125svOy0

Based on my understanding so far from reliable sources, Cognizant is not likely to layoff officially. They will spread the news of layoff every now and then in the news media. This will trigger panic button to the most of the employee. Finally 20% -25% of the employee who think they are capable of finding jobs elsewhere will leave company. This will be a significant head count reduction.

Secondly, Cognizant will revise the pay structure with more variable pay percentage which could be 25% -30%. Whoever stays back to the company will get screwed up by getting mid - below average Year End rating. They will get very minimal variable pay. Hence cutting cost further.

Needless to say, they will recruit science/Arts/Commerce graduates to ensure lower salaries and more profit. Lot of projects in Cognizant do not require engineers. So that move justifies.

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Post ID: @6rcq+125svOy0

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