Cognizant may cut 6,000 - 10,000 jobs during annual appraisals

US-based IT major Cognizant Technology Solutions may cut 6,000 - 10,000 jobs in a move that will reduce its workforce by 2.5 - 5%, according to media reports. 

While retrenching its workforce during annual appraisals isn't an uncommon practice, this time the company is expected to lay off a higher percentage of workers compared to the usual 1%. 

According to a report by the Business Standard, the IT major is looking to "shift its focus from traditional IT services to digital" and will cut employee count to do away with redundant roles. 

It currently hires about 2,60,000 workers globally. 

According to the aforementioned report, a spokesperson from Cognizant said, "the company conducts regular performance reviews to ensure it has the right employee skill sets necessary to meet client needs and achieve its business goals.

According to the spokesperson, “This process results in changes, including some employees transitioning out of the company. Any actions, as a result of this process, are performance-based and generally consistent with those we've made in previous years. In any given year, the numbers may bounce a percentage here and there, but resizing our employee base is a part of our standard practice. At the same time, we continue to enhance our capabilities and hire for roles across all our practice areas in the company.”