Clients want a higher degree of automation, and digital services have already started contributing to 20% of IT services’ revenue.Īccording to a report, the hiring process for 2017 is likely to be slow with IT majors expected to cut by 40% the engineering graduates they planned to hire. Add to that, America’s growing protectionism is making offshore business difficult. The way IT services are being delivered is changing. The retrenchments are reportedly a part of the appraisal process, as digitisation and automation become the new normal for Indian IT firms and Cognizant is not different from Infosys, Wipro and TCS. Cognizant Technology Solutions India Pvt Ltd,a leading global IT and business process outsourcing services provider at their offices at Old Mahabalipuram Road,Chennai.(HT Archive) Cognizant, the New Jersey-headquartered software services company with most of its operations in Chennai, is likely to lay off 6,000-10,000 “ redundant and non-performing” employees.
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