Cognizant layoffs discussion feels worrying for the tech industry
Just saw reports about Cognizant potentially laying-off employees, which shows uncertainty. The discussion going on is that job stability in the tech industry might face challenges. Do you think that the tech industry is entering a longer phase of restructuring and hiring slowdowns?
I think such layoffs are due to evolving business demands, with tech companies wanting to incorporate advanced AI tools. Due to rising automation, IT companies are restructuring their workforce and have slowed down their hiring.