The whole industry is slowing down, big time. Not sure what's happening and how Cognizant will be affected - the fact is, it's uncertain and it may get worse before it gets better. India is hurting big time, just because we are so big and there are millions of employees working for major tech companies - anyhow, let's see what 2018 brings, I hope it's better than 2017.
The outlook, which surveyed 500 IT employers across India, shows that hiring intentions have dropped 8% from the last quarter and 23% from the first quarter of 2017, resulting in a net employment outlook of 50%. The Net Employment Outlook is derived by taking the percentage of employers anticipating total employment to increase in the next quarter, and from this subtracting the percentage expecting to see a decrease in employment.