more-inCognizant Technology Solutions shifted almost 8,000 jobs out of India in 2017, while adding positions in North America, according to the company. “We had approximately 2,60,000 employees at the end of 2017, with approximately 50,400 in North America, 13,800 in Europe and 1,95,800 in various other locations throughout the rest of [the] world, including 1,80,000 in India,’’ the IT services company said in its annual reportIn 2016, the U.S.-based company had a headcount of 1.88 lakh in India, out of a total of 2,60,200, with almost 47,500 jobs located in North America. The shifting of 8,000 jobs out of India must be read in the context of the Trump administration’s increasingly tough stance on immigration and tightening of visa norms. The IT major said that the anti-outsourcing legislation, if adopted, and negative perceptions associated with offshore outsourcing could impair its ability to service customers. These could adversely affect its business, results of operations and financial condition, it added.

Source: The Hindu February 28, 2018 16:35 UTC