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’ 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’s cost management strategy.

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