Location: Teaneck, New Jersey, USA.
Based on news reporting.
Cognizant Technology Solutions Corporation has announced layoffs affecting approximately 1,500 employees as part of its restructuring efforts. The layoffs are set to take effect on October 1, 2023, impacting various departments across the company. This decision comes as Cognizant aims to streamline operations and improve efficiency in response to changing market conditions. The company has stated that these layoffs are necessary to align its workforce with current business needs and future growth strategies. Employees affected will receive severance packages and support during the transition period.
Cognizant Technology Solutions Corporation cut 1,500 jobs as of October 1, 2023.
That is roughly 0.4% of the 340,100 people Cognizant Technology Solutions Corporation employs.
LayoffTalk has tracked 16 layoff events at Cognizant Technology Solutions Corporation since October 2023, affecting a combined 28,100 employees.
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