<ul><li>Cognizant Technologies plans to sell office assets in Bengaluru and Hyderabad, aiming to become asset-light and capitalize on non-core real estate.</li><li>The move is part of a cost-cutting strategy to save $400 million over two years, involving the divestment of a 10-acre campus in Gachibowli, Hyderabad, and a 14-acre campus in Siruseri, Chennai.</li><li>The company reported a 16% drop in net profit to $525 million for Q3 2023, amid efforts to strengthen fundamentals, enhance customer satisfaction, and invest in serving clients amidst economic uncertainty. Cognizant's total headcount reached 346,600 by the end of Q3 2023.</li></ul>

Cognizant aims to sell office assets in Bengaluru, Hyderabad: Report

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