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Cognizant

Cognizant to give two-third of India staff 25 pct extra payment over base salary for April

Cognizant to give two-third of India staff 25 pct extra payment o...

Fri, Mar 27, 2020

IT firm Cognizant on Friday said it will give employees who are at associate level and below in India and the Philippines, an additional payment of 25 per cent of base pay for April, in recognition of their extraordinary continuity-of-service efforts amid the COVID-19 outbreak

Former Cognizant exec Debashis Chatterjee appointed as new CEO & MD of Mindtree

Former Cognizant exec Debashis Chatterjee appointed as new CEO...

Fri, Aug 02, 2019

The former Cognizant executive Debashis Chatterjee has been appointed as the new chief executive officer and managing director (CEO and MD) of the IT services firm Mindtree Ltd. The announcement was made on Friday afternoon. In another high profile appointment, Larsen & Toubro's (L&T) Chief Executive Officer and Managing Director S N Subrahmanyan was appointed as company's new non-Executive Vice-Chairman.

Good news for job aspirants! Cognizant to offer higher pay package to entry-level engineers

Good news for job aspirants! Cognizant to offer higher pay packag...

Wed, May 29, 2019

Cognizant, which gets about 33 per cent of its revenue from digital solutions, has been actively hiring from Indian Institutes of Technology (IITs) and has made more than 500 offers in IITs across India in the last three years.

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Facebook admits it needs to do more for content reviewers; This is why

Facebook admits it needs to do more for content reviewers; This is why

Wed, Feb 27, 2019

For its content review, Facebook has partnerships with companies like Accenture, Cognizant and Genpact. Majority of the people in content review teams work at sites managed by these partners.

Cognizant sees weak fourth quarter as financial services growth drags

Cognizant sees weak fourth quarter as financial services growth drags

Tue, Oct 30, 2018

Cognizant Technology Solutions Corp on Tuesday blamed weakness in its financial services sector for dismal revenue and profit forecasts for the fourth quarter that missed analysts` estimates. Cognizant Technology Solutions Corp on Tuesday blamed weakness in its financial services sector for dismal revenue and profit forecasts for the fourth quarter that missed analysts` estimates.

Infosys Vs TCS Vs Wipro vs Cognizant vs Accenture: Attrition rates compared

Infosys Vs TCS Vs Wipro vs Cognizant vs Accenture: Attrition rates compared

Mon, Oct 15, 2018

As demands for skilled hands in cloud computing, data analytics and digital technologies are increasing, salaries for engineers in IT companies have soared as much as 40 per cent.

Warning bell! Why Cognizant fired 200 senior employees

Warning bell! Why Cognizant fired 200 senior employees

Wed, Oct 10, 2018

IT major Cognizant Technology Solutions (CTS) has reportedly laid off around 200 senior employees this year.

Cognizant Q1 profit declines 6.6% to USD 520 million

Cognizant Q1 profit declines 6.6% to USD 520 million

Mon, May 07, 2018

IT firm Cognizant today said its net profit declined 6.6 per cent to USD 520 million for the quarter ended March 2018. This is against a net profit of USD 557 million, or 92 cents per share, registered by the company in the year-ago period, Cognizant said in a statement.

Court orders tax dept to lift freeze on Cognizant's funds

Court orders tax dept to lift freeze on Cognizant's funds

Wed, Apr 04, 2018

IT services company Cognizant Technology Solutions Corpsaid on Tuesday court had granted the company`s application to lift the Indian income tax department`s freeze on its bank accounts.

This is why Cognizant accounts were frozen by Indian taxman in major crackdown

This is why Cognizant accounts were frozen by Indian taxman in major crackdown

Wed, Mar 28, 2018

According to Cognizant, it paid all applicable taxes related to its buyback transaction in 2016 and the Indian Income Tax Department's (ITD) position is "contrary to law and without merit".

Cognizant bank accounts frozen; here is why Income Tax department launched crackdown

Cognizant bank accounts frozen; here is why Income Tax department launched crackdown

Wed, Mar 28, 2018

Cognizant failed to pay the tax of more than 25 billion rupees ($385 million) in the 2016-17 financial year, the Hindu newspaper reported, citing officials from the tax department.

Cognizant reports $18-million loss in Q4

Cognizant reports $18-million loss in Q4

Wed, Feb 07, 2018

US-based IT major Cognizant today reported a net loss of $18 million for the December 2017 quarter compared to a profit of $416 million in the year-ago period.

Automation, US visa issues impact Indian IT jobs for the first time in H1 FY18

Automation, US visa issues impact Indian IT jobs for the first time in H1 FY18

Fri, Nov 03, 2017

This is the first time it has fallen to record low employment levels since the IT industry had put India on the global map for software services.

Top seven Indian companies receive less H-1B visas in 2016

Top seven Indian companies receive less H-1B visas in 2016

Tue, Jun 06, 2017

Top seven Indian-based outsourcing companies in the US received fewer H-1B visas in 2016 as compared to 2015, and as a group their numbers dropped 37 %, according to a new report.

It's possible for us to protect jobs of youngsters if senior execs take salary cuts, says Infosys' N R Narayana Murthy

It's possible for us to protect jobs of youngsters if senior execs take salary cuts, says Infosys' N R Narayana Murthy

Fri, Jun 02, 2017

Speaking to a news channel on the ongoing layoffs into the IT industry, Infosys co-founder N R Narayana Murthy said that it was possible for all IT companies to protect the jobs of youngsters if their senior management executives take some salary cuts.

IT industry in India will continue to witness layoffs at low-end skills for next 18 months: Experts

IT industry in India will continue to witness layoffs at low-end skills for next 18 months: Experts

Mon, May 29, 2017

According to experts, the IT industry in India will continue to see the layoffs for the next 18 months at the low-end skills on back of automation taking over the routine tasks like application maintenance, bug fixing, manual testing, among others.

Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India

Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India

Sun, May 28, 2017

Executive search firm Head Hunters India Founder and MD Kris Lakshmikanth told PTI that he firmly believes top companies including TCS and Infosys to lead India in the digital business further adding that these companies have clearly understood the dramatic change and the challenges of going digital more than two years back.

Cognizant layoff plea closed in favour of sacked staff, says Telangana Joint Labour Commissioner Chandra Shekaram

Cognizant layoff plea closed in favour of sacked staff, says Telangana Joint Labour Commissioner Chandra Shekaram

Sun, May 28, 2017

On the Cognizant layoff case, Telangana Joint Labour Commissioner Chandra Shekaram said on Saturday that the case has been closed in favour of employees and the company has been asked to hold talks one-on-one to resolve the issue.

How a stronger Indian Rupee can hamper your career in India's IT sector

How a stronger Indian Rupee can hamper your career in India's IT sector

Fri, May 19, 2017

Samir Tripathi, analyst, ICICI research said, “Overall Rupee trajectory over a one year time frame is expected to be stronger than the one-year forward rates. From medium term perspective, we expect rupee to trade around 65.50 levels by March 2018 – with a variation of around 2%.”

Amidst ‘robust’ layoff rumours nine IT companies in India make it to LinkedIn’s Top Companies 2017 list

Amidst ‘robust’ layoff rumours nine IT companies in India make it to LinkedIn’s Top Companies 2017 list

Thu, May 18, 2017

Despite rumours of massive layoffs and a bleak future at IT companies considering automation and protectionist attitudes of the west, Indians are still looking for jobs in these companies.

Not correct to assume IT industry going for big job cuts: Govt

Not correct to assume IT industry going for big job cuts: Govt

Tue, May 16, 2017

IT Secretary Aruna Sundararajan said there could be some cases were contracts are not renewed as part of the regular annual appraisal cycle.

Layoffs in Indian IT may continue for 1-2 years: Experts

Layoffs in Indian IT may continue for 1-2 years: Experts

Sun, May 14, 2017

Indian IT industry is likely to witness a layoff of employees for the next one to two years on account of the sector demanding employees upgradation of skills in digitisation and automation.

IT Job Market: Nearly 2 lakh jobs at stake at Infosys, Cognizant, others as cos step-up American hiring

IT Job Market: Nearly 2 lakh jobs at stake at Infosys, Cognizant, others as cos step-up American hiring

Sat, May 13, 2017

According to the news report, nearly two lakh jobs are at stake, with big-ticket companies like Infosys, Cognizant, Wipro, Tech Mahindra, others as they looking to hand over pink slips to incumbent employees and hire fewer talent.

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