In the largest layoff exercise ever in the Indian IT sector, Cognizant will part with some 13,000 employees in the coming months out of which some 5,000 would be reskilled. Another 6,000 will be from the content moderation business that Cognizant does for Facebook. The company, which will exit this business, said it will try to find new homes for the employees involved. The remaining are mid to senior level employees who the company indicated are not adding much value. While the company did not provide a split, most of the layoffs are likely to be in India, which has over 70% of Cognizant’s 2.9 lakh employees. Read more.