Cognizant to Divest Office Assets in Hyderabad and Bengaluru

14 Dec 2023 CW Team

Cognizant, a global leader in technology and consulting services, has unveiled a strategic initiative to divest its office assets in the prominent Indian cities of Hyderabad and Bengaluru. This decision reflects Cognizant's proactive response to the evolving landscape of work and workplace preferences. In alignment with the widespread adoption of remote and flexible work arrangements, the company is strategically reassessing its real estate portfolio to optimize operational efficiency. The move to sell prime office properties in Hyderabad and Bengaluru signifies Cognizant's commitment to adaptability in the face of changing workforce dynamics. As organisations worldwide embrace hybrid work models, Cognizant is leveraging this opportunity to streamline its physical footprint while ensuring continued effectiveness in delivering cutting-edge technology solutions. This divestment aligns with broader industry trends, where companies are reimagining their real estate strategies to accommodate the preferences of a modern and dynamic workforce. Cognizant's decision is not merely a real estate transaction but a strategic response to the future of work, demonstrating the company's agility and commitment to staying at the forefront of workplace innovation.

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