Cognizant eyes up to 15,000 layoffs, India set to bear the brunt

Cognizant could be heading toward one of the biggest tech layoffs of the year, following cuts at companies like Amazon and Oracle. Reports suggest the IT services firm may reduce between 12,000 and 15,000 jobs globally, although the company has not confirmed a final number. From a US perspective, the move reflects a wider shift in how large tech and consulting companies are restructuring their workforce as clients rethink spending. While Cognizant is headquartered in the United States, most of its employees are based in India, where over 250,000 people make up the company’s largest workforce hub out of a...