Hearing big layoffs at Cognizant / ATG today, anyone have details?

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I just found out about this - the version that my Community Manager gave me was that, at least in LATAM, they wanted to reduce the number of people in bench who were not assigned to any project. I'm not entirely sure, there may be other layoffs outside of that category.

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Haven’t heard do you know which groups/roles?

They've been slowly laying people off the last 2 weeks. Apparently it'll be going on the next few weeks. The goal I'm hearing rumored is finish before end of quarter.

I heard it was supposed to be about 4,500 layoffs. For non-billable roles

.

https://missoulian.com/news/local/high-level-executives-out-at-cognizant-atg-tech-company-in-missoula/article_85678fcc-f5a9-11ed-b3f6-3f13853ff358.html

Layoffs will continue for another round in July. It’s not just non billable functions and those on the bench. Anything deemed redundant or just not working well is getting cut. It’s not unusual for any new CEO running a business but it’s still sad. Consulting had significant cuts. ATG didn’t integrate well and was mostly consulting positions when acquired. Consulting should have been spun off when created to allow it to build its own brand. It’s never worked well as a BU within the existing company. I think they’ve got another year at most to make this work or just accept that customers just don’t see it from us, They’re basically the Genesis car brand trying to convince the world it’s luxury while sharing space at the Hyundai dealership.

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Ok so another FAANG has confirmed layoff this week. Amazon joining the layoffs group with 10k layoffs!!

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Hearing there were some layoffs today…

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Correction: TC 51.3 has 15% variable.
Experience: 11 years (Marketing & Brand Manager)

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#mba #marketing #branding #layoff

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Barclays Barclays global service center Does barclays do layoffs ?

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Hi all

Recently FIS LAYEDOFF 400+ employees yesterday
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Meta/Facebook lays off 11k employees

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