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IT companies Cognizant, Capgemini hired 1.5 lakh less hands in 2023, ET Telecom

Cognizant: Top Indian IT service providers like Tata Consultancy Services, Infosys and Wipro too have seen a drop in their headcount, which declined by around 70,000 in total in the fiscal year ended March 31.

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IT majors Cognizant, Capgemini hired 1.5 lakh less employees in 2023; here's why

India Business News: The total number of employees hired by major IT companies Cognizant and Capgemini decreased globally by 151,607 in 2023 compared to 2022, according to

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Cognizant beats guidance even as Q1 revenue falls on weak client spend

The company also saw its headcount decrease by 3,300 sequentially and 7,100 YoY, ending with 344,400 employees in Q1.

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Cognizant's headcount declines by over 7,000 in Q1

The Teaneck-based company s headcount decreased by 3,300 sequentially and 7,100 YoY, ending with 344,400 employees in the first quarter of 2024.

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Cognizant Q1 revenue falls 1.1%, profit dips 6%, Telecom News, ET Telecom

During the quarter under review ending March, Cognizant’s net profit declined by around 5.9% to $546 million YoY, from $580 million in Q1 of FY23.

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