Cognizant

Covid-19 outbreak: Cognizant to pay 25% extra of basic pay to Indian employees

One of the world's leading IT giants, Cognizant will pay the extra salary to its employees up to associate level in the wake of the Covid-19 outbreak.

10 days ago

More job cuts likely as new Software companies to be taxed at usual 25% rate

In September, Nirmala Sitharaman, announced the reduction in the corporate tax rate to 15%, from the current 25%, for new manufacturing firms, giving a major relief for the Indian corporate sector.

Nov 18, 2019

Cognizant layoffs: IT major to cut 7,000 mid-senior level jobs in restructuring push

The restructuring is part of the '2020 Fit for Growth Plan' that involves investment in technology, sales and marketing, reskilling, acquisitions, and partnerships to sharpen strategic positioning in key digital areas.

Oct 31, 2019

It's official: Cognizant CEO announces job cuts by October end

Notably, since he took over as Cognizant's CEO in April, his main focus has been on the company's cost competitiveness.

Sep 6, 2019

Cognizant plans another round of layoff, defers campus hiring

Additionally, the New Jersey-based company is also delaying the joining date of the freshers and other new employees hired

Aug 16, 2019

Race for Mindtree top job heats up; L&T vows no interference amid staff worries

Cognizant former executives lead the race for Mindtree top job as company share hits a 52-week low on NSE; second-rung leadership worried about the firm's future.

Jul 9, 2019

Apple cuts ties with L&T Infotech over mistrust in documentation, procedural lapses

USCIS and Apple have both denied giving any information about the proceedings on the issue.

Jul 4, 2019

Growth, consolidation, or diversification? L&T's Mindtree CEO selection strategy

Although L&T has shortlisted three candidates to replace Rostow Ravanan as chief executive of newly acquired IT services firm, the final selection will show the engineering giant's plans for Mindtree.

Jun 30, 2019

Cognizant acquires Irish company Zenith to boost presence in life sciences sector

Zenith Technologies is a leader in creating software systems used in the supply of vital treatments to patients worldwide.

Jun 19, 2019

More layoffs in IT sector? Cognizant likely to fire 300 top executives

The IT companies are looking at hiring young executives who are trained in areas such as AI, ML and cloud computing.

May 27, 2019

Cognizant's focus shift to banking and financial services to affect Indian staff most

70% of US-based IT services company's 281,600 employees are in India; CEO talks of employee pyramid optimisation as revenue growth slows

May 7, 2019

Indian techies to get double-digit salary hike in 2019?

The NASSCOM said that top performers in IT companies may even get a 20 per cent salary hike.

Feb 14, 2019

Indian IT industry hired over 1 lakh engineers in 2018 - four times more than 2017

The $167 billion IT services industry in India has a workforce of 3.7 million people.

Feb 11, 2019

Cognizant lays off 200 senior employees to invest in the next generation of techies

Tech Mahindra had recently lowered the retirement age for employees. Tata Consultancy Services has also doubled the salary for freshers to attract the younger generation.

Oct 10, 2018

An outsider to replace CEO Francisco D'Souza at Cognizant?

The software company has been doing tremendously well under the leadership of D'Souza which has outperformed its peers to report revenue of $14.81 billion in 2017 from just about $1.42 billion in 2006.

Sep 13, 2018

Top Indian IT companies on a hiring spree; indicates growth in sector for 1st time in 3 years

Reports say that Tata and Wipro are expected to grow swiftly this fiscal year. Tata is predicted to cross 10 per cent growth while Wipro is looking to cross one per cent growth.

Sep 12, 2018

Rupee depreciation may benefit the IT companies

The Indian IT companies are expected to witness an improvement in margins by as much as 100 basis points in their second quarter on the current fiscal year.

Sep 11, 2018

TCS likely to bag $3.5 billion contract from Britain's Rail Network: Reports

Tata Consultancy Services (TCS) could be seen as a front-runner as it has a long relationship with Network Rail including its presence in Britain and across Europe

Sep 3, 2018

Cognizant layoffs: Top layer trimmed to make way for juniors

In the second quarter, Cognizant's attrition was over 22% which the company attributed to internal as well as external factors.

Aug 3, 2018

Income tax department freezes Cognizant's bank accounts in Chennai, Mumbai

Nasdaq-listed Cognizant's Indian unit allegedly failed to pay tax of more than Rs 25 billion ($386 million) in the 2016-17 financial year.

Mar 28, 2018