Middle is where Cognizant's job cuts will hurt most economictimes.indiatimes.com

Cognizant’s job cuts will be focused on the middle levels, as the US-listed IT services company tries to cut costs and restore growth. Analysts lay the blame for its problems at the feet of activist hedge fund Elliott Management. ET had reported that Cognizant is considering job cuts, the size of which is yet to be determined. The Teaneck, New Jersey-headquartered firm said its headcount growth had outstripped revenue growth in the past two quarters. CEO Brian Humphries, who took over in April, said the company would work towards lowering the cost of delivery through “pyramid actions”.