IT companies to lay off 40,000 mid-level employees, says report

Earlier, reports had emerged about Infosys’ plans to lay off over 10,000 of its employees in the associate and mid-level positions.

Similarly, reports emerged that IT major Cognizant will cut around 7,000 jobs in the next few quarters besides exiting from its content moderation business as part of strategic restructuring impacting another 6,000 employees.

The company, in a post-earnings conference call with analysts, informed that it would remove around 12,000 mid-to-senior employees from their current roles, and reskill and redeploy about 5,000 of those impacted.