Snehal khanna Blog

Analysts say the move is both soothing and disconcerting         The annual appraisal at  Cognizant   Technology Solutions this month came as a surprise to many. Not only was their performance under greater scrutiny, but at the end of the review process, as many as 10,000 employees are expected to be laid off. Many of them will lose their job to automation. Like others in the industry, Cognizant, too, has been trying to reinvent itself and focus on high-end projects that require specialised skills as traditional offshore contracts shrink. The Nasdaq-listed solutions provider has 262,200 employees, and, according to sources in the company, up to 2.5 per cent could lose their job, although employees think the number could be higher. Cognizant has been under pressure from investors to shore up margins. Investors want to see the company boost profitability, deliver growth and return cash to shareholders. Last month, Cognizant reached an agreement...

Samsung  says it's considering bringing the recalled units back to market. The company says it will first consult regulatory authorities and carriers and assess local demand. It's not yet known when and which countries such phones would be sold. Samsung killed the Note 7 phone after dozens overheated and caught on fire. Samsung recalled one set, but found problems with the replacements as well. The spontaneous fires, many chronicled in videos circulated on YouTube, prompted Samsung to recall millions of phones and take a USD 5.3 billion hit on its earnings. Samsung conducted extensive tests since then and has blamed multiple design and manufacturing defects in batteries made by two different companies. That means Samsung could replace phones with safer batteries ( read more ). .