Cognizant

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.

22 days ago

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

IT giant Cognizant offers cash to senior employees instead of stock options to boost buyback program

Cognizant is said to have told its senior managers and associate directors, who received a rating of EA during the appraisals, to take home cash instead of the stocks they are usually offered.

Nov 11, 2017

More bleak days likely as major IT firms trim workforce by over 4,000

Brands like Infosys, Cognizant, Wipro and Tech Mahindra have seen quite a decline in their headcount in the last six months and are not too keen on campus placements either.

Nov 2, 2017

After US, now UK, Australia and Canada likely to curb visas for Indian techies

A Nasscom study has brought out that there is no match between the commitments given and the visa issued.

Sep 15, 2017

Activist shareholders are our owners, says Cognizant CEO in rare interview

Activism can be empowering, is not to be seen as a risk, but a constructive factor, Francisco D'Souza told HT Mint.

Sep 3, 2017

IT firms trim Q1 headcount by 3,000, first sequential fall in a decade

The decline in staff could well suggest that there is a slowdown in the industry.

Aug 31, 2017

Cognizant's VRS scheme finds 400 takers, including Indian execs

The company did not disclose the number of Indian executives who accepted its separation offer.

Aug 6, 2017

IT majors to lay off at least 56,000 employees this year [VIDEO]

IT majors Wipro, Infosys, Cognizant, Tech Mahindra are planning to lay off 56,000 engineers this year. The year 2017 witnessed massive IT Sector layoffs in India.

Jul 6, 2017

More bleak days for IT sector; automation juggernaut is on and it's irreversible

IT companies have not performed too well in the markets this year either, with stocks slipping over 14 percent until now and the future seems bleak.

Jul 3, 2017

IT sector employees likely to see a maximum hike of 9% even after months of delay in increment

Most companies are likely to give out hikes on the basis of the growth in its revenue, amounting to about 6-8 percent.

Jun 30, 2017