Sci-tech

Forget appraisal! Cognizant might fire more than 6000 employees this year

Forget appraisal! Cognizant might fire more than 6000 employees this year

It is a standard practice for information technology (IT) companies to cut their workforce during a rigorous appraisal process and underperformers or employees who have not taken efforts to reskill will have a tough road ahead.

Cognizant, the American multinational having vast operations in India, might be firing more than 6,000 employees in its appraisal cycle this year. It will not be a part of the routine exercise where bottom 1% of the workforce are weeded out for non-performance, reported The Times of India.

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The reason behind the major lay-offs is believed to be the shifting focus of company from traditional IT services to digital and Cognizant is doing away with redundant roles.

In 2016, the lay offs in Cognizant were about 1-2%, while in 2015, it was about 1%. U.S. listed multinational company, leading IT pioneer in India, who market has grown over the years in India is now planning to slash 6000 employees. The Nasdaq-listed Cognizant, which is one of India's and the world's largest IT companies, had almost had 2.6 lakh employees as of December 31, 2016.

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Cognizant had given pink slips to its employees in large numbers, during the previous year also.

According to the aforementioned report, a spokesperson from Cognizant said, "the company conducts regular performance reviews to ensure it has the right employee skill sets necessary to meet client needs and achieve its business goals". Officials said the actual number of employees dismissed will be known by March 31, once the company's appraisals are completed. This procedure brings about changes, including a few representatives transitioning out of the organization", said a Cognizant representative."Any activities as the aftereffect of this procedure are execution based and for the most part steady with those we-'ve made in earlier years.

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