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 ..

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I think things will improve as covid condition gets better

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