MAY 5, 2023 — 3,500 EMPLOYEES TARGETED
The company has announced that it will lay off 3,500 employees, primarily non-billable and corporate personnel to match customer demands in the economically troubling times. The company will also be reducing its real estate footprint and implementing other cost-saving initiatives.
According to a company spokesperson, "Our drive for simplification will include operating with fewer layers in an effort to enhance agility and enable faster decision-making. The company expects savings generated by the program to help fund continued investments in people, revenue growth, opportunities, and the modernization of office space.
DECEMBER 27, 2019 — Original post…
According to a company announcement that it would be exiting the “content moderation business” in 2020, Teaneck, New Jersey-based Cognizant Technology Solutions, a multinational outsourcing and consulting firm, has announced that it will be closing one of several Tampa, Florida facilities and lay off 556 employees who monitor Facebook users for inappropriate content. The layoffs will commence on February 29, 2020. A second content moderation site in Phoenix, Arizona, will also be closed. established. Reuters New Service estimates that up to 6,000 employees may be impacted by the company’s decision.
Driving the decision are employee health and welfare concerns associated with reviewing a never-ending stream of material, some of which is violent and disturbing. Other considerations regard how to train individuals to screen material without compromising Facebook’s legitimate users.
According to a company spokesperson, “We will ensure that our associates are treated fairly and with the respect that they deserve. As such, we are providing impacted associates with a number of transition assistance programs, including retention bonuses, severance packages, and the opportunity to participate in training and recruitment programs, including various workshops and on-site job fairs.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?