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Hanwha Aerospace to establish the International Engines Business Headquarters in Connecticut

Hanwha Aerospace, a leading aircraft engine and advanced machinery manufacturer, today announced plans to establish its headquarters of the International Engines Business in Cheshire, Connecticut. The decision to expand Hanwha Aerospace's presence in Connecticut reinforces its commitment to the ongoing innovation and growth in the region.
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Source: yahoo.com

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Cognizant rejig to cost $400 mn over 2 years, to lay off 3,500 employees

Nasdaq-listed information technology (IT) services firm Cognizant will incur the cost of $400 million over two years as it sets to restructure its operations amid sluggish growth rates. Its NextGen Program aims at simplifying the operating model, optimising corporate functions, and consolidating and realigning office space to reflect a post-pandemic hybrid work environment. As part
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Cognizant rejig to cost $400 mn over 2 years, to lay off 3,500 employees

Nasdaq-listed information technology (IT) services firm Cognizant will incur the cost of $400 million over two years as it sets to restructure its operations amid sluggish growth rates. Its NextGen Program aims at simplifying the operating model, optimising corporate functions, and consolidating and realigning office space to reflect a post-pandemic hybrid work environment. As part of this structural shift, Cognizant will eliminate 80,000 seats, or 11 million square feet of real estate in large ...
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Source: rediff.com

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