
Cognizant and Infosys: No Increments, Job Cuts of Mid-Level & Senior Employees
Two well-known multinational corporations are putting off people in mid-senior level positions. Indian MNC Infosys and US-based Cognizant are reportedly letting go of thousands of people in a bid to cut down and restructure their organizations. Infosys could lay off as many as 12,000 people, while Cognizant is removing 7,000 people from jobs over the…