Cognizant Plans Office Asset Sales in Bengaluru and Hyderabad as Part of Cost-Cutting Strategy
Cognizant Plans Office Asset Sales in Bengaluru and Hyderabad as Part of Cost-Cutting Strategy Cognizant Technologies has announced its intention to sell office assets in Bengaluru and Hyderabad, signaling a strategic move to transition towards an asset-light model and capitalize on non-core real estate. This decision is a crucial component of the company’s broader cost-cutting strategy, aimed at saving $400 million over the next two years. As part of this divestment plan, Cognizant is set to sell a 10-acre campus in Gachibowli, Hyderabad, and a 14-acre campus in Siruseri, Chennai.…
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