Cognizant spends $49 mln to let go some employees, $29 million to retain others - Business News, Finance News, Share Market News - Market trendz

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Thursday, 6 February 2020

Cognizant spends $49 mln to let go some employees, $29 million to retain others

Cognizant warned of job cuts in October to invest in growth areas such as cloud and internet of things and cushion the impact from a decline in spending by its financial customers, which the company expected to continue through the second half of 2019.

from Tech-Economic Times
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