Indian MNC Infosys and US-based Cognizant are laying off thousands of people in mid-senior level positions, in a bid to cut down and restructure their organisations.
Infosys would lay off as many as 12,000 people while Cognizant is removing 7,000 from jobs over the next few quarters.
The Economic Times reported Infosys will remove 10 percent of the workforce, which comes to around 2,200 people, in senior managers. The company further plans to lay off 2-5 percent workforce in associate and middle levels. This translates to around 4,000 to 10,000 people.
Additionally, some 50 vice presidents, senior vice president and executive vice president which 2-5 percent or around will be asked to leave.
Meanwhile, Cognizant is also laying off around 7,000 employees over the next few quarters. The company further plans to exit content moderation business which may impact another 6,000 employees.
The move comes after the company found itself facing scrutiny for the working conditions of moderators and the impact on their mental health.
Cognizant is actually planning to remove 10,000 to 12,000 mid-senior employees from their jobs, but plans to redeploy 5,000 of those impacted, bringing the gross reduction between 5,000 to 7,000.