Cognizant likely to lay off 6,000 employees

Summary: BENGALURU: Cognizant appears set to cut at least 6,000 jobs, which represents 2.3% of its total workforce, as it struggles with growth in an IT environment that is fast shifting towards new digital services. The variable payout to employees for 2016, too, is expected to be adversely affected, according to sources familiar with the matter.
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