Thread regarding Cognizant layoffs

Massive Cuts in the Works

MUMBAI: IT services provider Cognizant will further streamline costs in its core legacy business, its chief financial officer has said.

Karen McLoughlin, speaking at a Bernstein conference last week, also said rival TCSNSE -2.07 % managed costs better, which Cognizant would find difficult to emulate.

“As that business (legacy) has matured, the reality is it needs less investment than it did five, ten years ago. I th ..

Read more at:
https://economictimes.indiatimes.com/tech/ites/cognizant-cfo-signals-further-cost-cuts-says-tcs-good-at-cost-management/articleshow/76198758.cms

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Post ID: @OP+15j1pxZe

3 replies (most recent on top)

What is next?

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Post ID: @9mbx+15j1pxZe

I think things will improve as covid condition gets better

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Post ID: @7oks+15j1pxZe

fear monger.

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Post ID: @2rhp+15j1pxZe

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