Lockdown hard-hits Cognizant as headcount drops by 10,500

The COVID-19 induced lockdown has taken a toll on Cognizant’s headcount as the firm came onto massive cost-cutting programmes and thus fired about 7000 employees. Its employee count in Q2 dropped to the level as it was last seen at the end of 2018. As of June 30, the firm had 281,200 people on rolls dropped from 291,700 sequentially. Quarterly annualised attrition saw 24% elevation, in which 11% was voluntary and 13% redundant.

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