Friday, 24 March, 2023

Cognizant admires TCS's cost management strategy; CFO signals further cost-cutting

<p>New-Jersey headquartered Cognizant, that employs 292,000, is planning to shed off staffers on non-active projects. To manage costs, the firm intends to hire digitally-skilled freshers offshore, which, however, is not easy, considering clients&#39; needs. Also, reducing the use of expensive contractors is part of the plan. Last year, Cognizant fired several senior executives alongside cutting 7000 others jobs. The firm admires TCS&#39;s cost management strategy.</p>