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Cts Layoff

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Last Updated: 18 January 2022

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In IT services companies, employees on bench are considered non - billable resources as their cost is not billed to any client. However, typically, companies maintain small percentage of bench employees so that they are prepared to execute projects immediately. State IT employee unions in Karnataka and Chennai have alleged that Cognizant is executing mass layoffs after benching nearly 000 employees across India. Numbers could not be independently by Mint. Karnataka State IT / ITES Employees Union has strongly condemned decision taken by management of Cognizant. Reports on large scale layoffs are coming from Cognizant in name of effectively managing workforce utilisation. Thousands of employees all over India are going to victims of this. Several victimized employees approached KITU, and Union has initiated legal battle against Cognizant management for this illegal action, KITU said in statement. New Democratic Labour Front, Chennai - base IT employees Union, had also alleged that Cognizant is benching employees at its Chennai offices, and then forcing to resign after 41 days. Cognizant is second IT company after Tata Consultancy Services Ltd to employ more than 2 lakh staff in India. It has global strength of nearly 2. 9 lakh, most of whom are based in Chennai offices. Cognizant Spokesperson, However, Has Indicated That Any Reported Layoffs Are Only Likely To Be Performance - Base Exits. Performance management is normal process across all companies in IT industry, including Cognizant. Spokesperson Add, While Cognizant Does Not Comment On Rumour And Speculation In Marketplace, We Would Like To Clarify That Recent Third - Party Allegations Regarding Specific Number Of Job Actions Are Not Accurate, Not Based On Facts, And Were Not Announced By Cognizant. Cognizant say IT continues to be hired at levels in India and globally. Likewise, companies continue to invest heavily in upskilling and reskilling their employees at scale in newer digital technologies, including cloud, analytics, digital engineering and internet of where companies are seeing above industry - average growth.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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