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Cognizant to shed 7,000 jobs to cut costs, exit content business

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Cognizant will cut as many as 7000 jobs in the next few quarters and exit its content moderation business, impacting another 6000 employees, as it begins a strategic restructuring to cut jobs. In a post-earnings conference call with analysts, the Teaneck, New Jersey-headquartered company said it would remove 10,000-12,000 mid-to-senior employees from their current roles, and reskill and redeploy about 5000 of those impacted.

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