The company's revenue grew 20.2 per cent to $2.91 billion.
The company has not detailed out the geographies that would be impacted by the reductions. However, given that India accounts for the biggest share of the company's headcount, the impact of these layoffs is expected to be significant.
This time, not only would the job cuts be higher, but they would be even more broad-based, encompassing various levels of employees.
IT services firm Cognizant on Wednesday posted 12.9 per cent increase in net profit to $420.1 million for the second quarter this year, revising revenue growth guidance to 20.1 per cent for the fiscal.
US-based IT services major Cognizant on Wednesday reported a 16.3 per cent rise in net profit at $324.3 million for the fourth quarter ended December 31, helped by broad-based growth across industries and geographies.
Company expects to be back to industry leading growth in FY17.
Firm to prune domestic costs through initiatives such as voluntary separation
Deal to bolster firm's position in healthcare IT.
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
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