US IT services provider Cognizant Technology Solutions reduced its Indian head count by almost 8,000 to 180,000 employees in 2017, yet added staff to its US and UK-based operations. Skillsets requirements for the technology services companies are changing drastically as there is an increasing push towards automation and regulatory pressure to create enough job opportunities in geographies which drive bulk of their revenues. The company said it would continue hiring for the next 12 months as part of a plan announced last month that will see it add more than 10,000 jobs globally. In addition, companies including Cognizant's rivals Infosys and Wipro are also facing increased pressure to limit outsourcing, posing a threat to their position in the IT sector.
US IT services provider Cognizant Technology Solutions reduced its Indian head count by almost 8,000 to 180,000 employees in 2017, yet added staff to its US and UK-based operations. The company said it would continue hiring for the next 12 months as part of a plan announced last month that will see it add more than 10,000 jobs globally. In addition, companies including Cognizant's rivals Infosys and Wipro are also facing increased pressure to limit outsourcing, posing a threat to their position in the IT sector.