Cognizant<\/a> on Thursday said it is going to terminate around 3,500 employees or 1% of total workforce and also rationalise its office spaces in a bid to cut costs in what is being seen as a challenging time for the IT services sector.

Layoffs<\/a> at Cognizant follow that of Accenture, which in April announced that 19,000 employees would be let go globally.

\"This (employee impact) will be across corporate functions, overheads who are non-billable workforce. Similarly, the real estate will be a structural shift in our costs. Not more than 10-15% of workforce come to offices in every company in India. Also, 30-40% of Indian IT workforce is in tier II and III locations. They have not come back. I have to create social capital in those cities,\" CEO Ravi Kumar told ET.

The layoffs were happening as a result of a two-year rejig programme to the tune of $400 million, the company said.

The Teaneck, New Jersey-based software exporter which has a large portion of its operations out of India said the personnel-related actions of this programme would impact the employees and would also hurt operating margin for the year by up to 180 basis points in the current fiscal.

The company said it would incur $200 million in employee severance and other costs, which it said is primarily related to nonbillable and corporate personnel and expects to mostly incur in 2023.

Cognizant saw its headcount decline by 3,800 at the Q1FY23 from Q4FY22, and it now has a total of 351,500 employees.

The company used to previously report its involuntary attrition numbers, but has changed its reporting metric this quarter.

Voluntary attrition on a trailing-twelve-month basis has declined to 23% from 26%. This figure relates only to tech services employees.

Kumar said Cognizant was 'carefully monitoring' what remains an 'uncertain macroeconomic environment' but said it remained optimistic about its long-term opportunity within the IT services market.

Speaking about the company's drive for simplification, he said it would provide an opportunity to rationalize the workspaces across the world and especially in India’s largest cities where Cognizant was distributing some real estate to smaller cities to expand and to modernize some existing space. This reduction and expansion in smaller cities, primarily in India, is in support of Cognizant's hybrid work strategy.

The company's NexGen program includes $200 million of costs related to the consolidation of office space and approximately $150 million in 2023 and $50 million in 2024.

Cognizant does not anticipate these real estate actions will begin to generate savings until 2024 but by 2025, the company said it expects to reduce its annual real estate costs by approximately $100 million versus 2022.

\"We expect the structural shift in our real estate costs to help eliminate 80,000 seats and 11 million square feet in large cities in India,\" he said.

\"This shift will also enable us to invest in collaboration spaces in smaller cities while creating structural savings for the future that we can invest in our people and growth opportunities. We expect this program to help enable us to deliver margin expansion in the range of 20 to 40 basis points in 2024 while supporting a large deal pipeline.\"
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认识到裁员约3500名员工

埃森哲的裁员认识遵循,今年4月宣布,全球19000名员工会放手。

Dia Rekhi&赛Ishwarbharath,
ETtech

更新2023年5月5日凌晨07:26坚持

认识到周四说,它将终止大约3500雇员或总劳动力的1%,也合理化办公空间,以削减成本是被视为一个具有挑战性的it服务部门。

裁员埃森哲在认识到遵守,今年4月宣布,全球19000名员工会放手。

“这(员工影响)将在企业功能,管理费用是谁非账单的劳动力。同样,房地产将我们的成本的结构性转变。不超过10 - 15%的劳动力来办公室在每一个公司在印度。此外,30 - 40%的印度IT劳动力在第二和第三层的位置。他们还没有回来。我必须在这些城市创造社会资本,”首席执行官拉维•库马尔告诉等。

裁员发生由于两年调整计划的4亿美元,该公司表示。

蒂内克市,位于美国新泽西州的软件出口国,其操作的大部分印度表示,这个项目的相关人员的行为将影响员工,也会伤害到今年的营业利润率高达180个基点在当前财政。

该公司表示,它将产生2亿美元的员工遣散费和其他费用,这主要是说nonbillable和公司相关人员,并在2023年预计将主要承担。

认识到员工就下降了3800年从Q4FY22 Q1FY23,现在共有351500名员工。

公司用于先前报告自愿减员数量,但已经改变了本季度报告度量。

自愿离职trailing-twelve-month基础上从26%下降到23%。这个数字仅涉及技术服务员工。

Kumar说,认识到认真监控“仍然是一个不确定的宏观经济环境,但表示,它仍保持乐观对其长期在it服务市场的机会。

谈到公司的简化,他表示,它将提供一个机会合理化工作区世界各地,尤其是在印度最大的城市,认识到分发一些房地产小城市扩大和现代化一些现有的空间。这减少,在小城市的扩张,主要在印度,认识到的混合工作策略的支持。

公司的NexGen计划包括2亿美元的成本与办公空间的整合和大约1.5亿美元在2023年和5000万年的2024美元。

认识到不期望这些房地产的行为将开始产生储蓄直到2024年但是到2025年,该公司表示,预计将减少其年度房地产的成本大约1亿和2022美元。

“我们预计我们的房地产成本的结构性转变,帮助消除80000个席位和1100万平方英尺在大城市在印度,”他说。

“这种转变也将使我们能够在小城市在创建投资合作空间结构为未来储蓄,我们可以投资于我们的人民和增长机会。我们预计这个项目来帮助使我们交付保证金在20到40个基点的范围的扩张在2024年支持大型管道。”