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  • Leadership churn, ransomware attack hit Cognizant's healthcare vertical Aug 19, 2020 01:27 PM IST

    Leadership churn, ransomware attack hit Cognizant's healthcare vertical

    The segment accounts for over 25 percent of the company’s overall revenue. Analysts say there is no need to panic as tech spending has restarted, and a company of Coginzan’t size will be able to bounce back

  • Cognizant to kick off single promotion cycle from October 1 Aug 11, 2020 09:46 PM IST

    Cognizant to kick off single promotion cycle from October 1

    Cognizant, which had two promotions cycles - March and October, has decided to streamline it into a single cycle for all levels to drive efficiency

  • Cognizant Q2 income down 29% to $361 million, confident of growth in coming quarters Jul 30, 2020 05:55 PM IST

    Cognizant Q2 income down 29% to $361 million, confident of growth in coming quarters

    The US-based company, which posted a net income of $509 million in June 2019 quarter said it expects its FY2020 revenue to be in the range of $16.4-16.7 billion.

  • Hit by ransomware attack, COVID-19, Cognizant Q2 profit down 29% Jul 30, 2020 11:01 AM IST

    Hit by ransomware attack, COVID-19, Cognizant Q2 profit down 29%

    The company's headcount falls to 2,81,200 employees, a 35 percent drop compared to the March quarter. Chief Financial Officer Karen McLoughlin steps down.

  • Too many top level exits in Cognizant in the last one year. Here's why Jul 10, 2020 08:52 PM IST

    Too many top level exits in Cognizant in the last one year. Here's why

    The company had seen at least half a dozen top level exits and termination of thousands of mid and senior employees since Brian Humphries took over

  • Cognizant India head Ramkumar Ramamoorthy quits after 23-year stint Jul 09, 2020 06:15 PM IST

    Cognizant India head Ramkumar Ramamoorthy quits after 23-year stint

    Cognizant’s current global delivery head Pradeep Shilige has quit after 24 years. He is being replaced by Accenture veteran Andy Stafford.

  • Karnataka IT workers' union initiates legal action against Cognizant over layoffs: Report Jul 03, 2020 04:09 PM IST

    Karnataka IT workers' union initiates legal action against Cognizant over layoffs: Report

    According to KITU, several employees at Cognizant's offices in Bengaluru, Chennai and other cities had approached the union with complaints of having been forced to resign.

  • COVID-19 impact: Cognizant lays off bench employees as business takes a hit Jun 24, 2020 04:22 PM IST

    COVID-19 impact: Cognizant lays off bench employees as business takes a hit

    A company spokesperson says it is a performance management measure, which is a process across all companies in the IT industry.

  • Maze ransomware attack: Names, account numbers of company credit cards compromised, says Cognizant Jun 19, 2020 06:27 PM IST

    Maze ransomware attack: Names, account numbers of company credit cards compromised, says Cognizant

    The company has offered complimentary credit card monitoring, dark web monitoring, and restoration services for its employees.

  • Cognizant to fire 400 senior executives: Report May 28, 2020 10:04 AM IST

    Cognizant to fire 400 senior executives: Report

    The severance package has been reduced from 20 weeks' salary to three months' pay plus one-week pay for every year of service completed.

  • Disturbing visuals, workplace abuse and stress: A day in the life of a Facebook content moderator in India May 21, 2020 12:12 PM IST

    Disturbing visuals, workplace abuse and stress: A day in the life of a Facebook content moderator in India

    There is hardly any room for error and the consequences are terrifying.

  • COVID-19 impact | Cognizant, Infosys defer lateral hires' on-boarding, uncertainty for hundreds of candidates May 14, 2020 07:13 AM IST

    COVID-19 impact | Cognizant, Infosys defer lateral hires' on-boarding, uncertainty for hundreds of candidates

    After Cognizant, Infosys too has deferred on-boarding of freshers due to COVID-19. More companies are likely to follow.

  • Cognizant Q1 net falls 16.7% to $367 million; sees challenging demand environment in 2020 May 08, 2020 09:20 AM IST

    Cognizant Q1 net falls 16.7% to $367 million; sees challenging demand environment in 2020

    The US-headquartered company, which has about 2 lakh employees based in India, had previously withdrawn its FY20 guidance amid uncertainties on account of COVID-19 pandemic.

  • Cognizant hit by 'Maze' ransomware attack Apr 19, 2020 08:56 AM IST

    Cognizant hit by 'Maze' ransomware attack

    The information technology services provider said it was taking steps to contain the incident, with the help of cyber defense companies, and has also engaged with law enforcement authorities.

  • Coronavirus impact | Cognizant withdraws FY20 guidance Apr 09, 2020 06:48 PM IST

    Coronavirus impact | Cognizant withdraws FY20 guidance

    It is the second IT services firm to withdraw full-year guidance after Accenture.

  • Cognizant announces 25% additional base pay for employees in India, Philippines Mar 27, 2020 01:46 PM IST

    Cognizant announces 25% additional base pay for employees in India, Philippines

    This will be paid to employees up to Associate level

  • Cognizant to acquire US-based digital marketing consultancy firm Lev Mar 24, 2020 08:35 AM IST

    Cognizant to acquire US-based digital marketing consultancy firm Lev

    "Lev helps businesses simplify and modernise their marketing campaigns using Salesforce Marketing Cloud to provide data-driven insight and personalization across the customer journey, and ultimately drive revenue," Cognizant said in a statement.

  • Over 3,000 staff file class action lawsuit against Cognizant: Report Mar 16, 2020 01:39 PM IST

    Over 3,000 staff file class action lawsuit against Cognizant: Report

    The complainants have also sought compensatory damages and a medical monitoring fund for the affected employees

  • Cognizant opens new facility in Mangaluru Feb 07, 2020 03:30 PM IST

    Cognizant opens new facility in Mangaluru

    Located in the heart of the city, the new 100,000 sq- ft facility can accommodate more than 1,100 employees, the NASDAQ-listed company said in a statement.

  • Cognizant December quarter net profit falls 39%; Francisco D'Souza to step down from board Feb 06, 2020 08:42 PM IST

    Cognizant December quarter net profit falls 39%; Francisco D'Souza to step down from board

    Its revenue grew 3.8 per cent to $4.3 billion during the quarter under review from $4.1 billion in the year-ago period. In constant currency terms, this translated to 4.2 per cent growth.

  • Cognizant net profit falls 39% to $395 mn in Oct-Dec, expects 2-4% revenue growth in 2020 Feb 06, 2020 10:05 AM IST

    Cognizant net profit falls 39% to $395 mn in Oct-Dec, expects 2-4% revenue growth in 2020

    The company also appointed Vinita Bali, former managing director and chief executive officer of Britannia Industries, as a new independent director, effective February 24, 2020.

  • Cognizant acquires Code Zero Feb 04, 2020 10:04 AM IST

    Cognizant acquires Code Zero

    Founded in 2016, Atlanta-based Zero Consulting is a privately-held provider of consulting and implementation services for cloud-based configure-price-quote (CPQ) and billing solutions.

  • Cognizant to layoff 350 employees, most of them based out of India: Report Dec 23, 2019 08:12 PM IST

    Cognizant to layoff 350 employees, most of them based out of India: Report

    The move is a part of the recent restructuring effort undertaken by the company's Chief Executive Officer Brian Humphries.

  • Cognizant to hire over 23,000 students in 2020 Nov 07, 2019 09:40 PM IST

    Cognizant to hire over 23,000 students in 2020

    Cognizant India Chairman and MD added that the company has already made about 15,000 offers in more than 80 engineering institutes across the country.

  • Capgemini lays off 500 employees in India over slowdown in business: Report Nov 06, 2019 05:21 PM IST

    Capgemini lays off 500 employees in India over slowdown in business: Report

    The reports adds that the employees that were let go off were the ones who had been unable to find billable projects after the stipulated period.

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