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  • Former Cognizant executive Suresh Bethavandu is Mindtree's Chief People Officer Dec 07, 2021 10:40 AM IST

    Former Cognizant executive Suresh Bethavandu is Mindtree's Chief People Officer

    Bethavandu will be responsible for all key dimensions of the talent lifecycle including recruitment, performance management, and compensation

  • Cognizant gives tepid revenue guidance of 8-11% for 2022-24 Nov 19, 2021 11:46 AM IST

    Cognizant gives tepid revenue guidance of 8-11% for 2022-24

    The guidance is in constant currency CAGR. Of the total growth in the period, 6-9 percent organic constant currency CAGR and 2 percent would come from inorganic contribution. Cognizant expects to close the year with $18.5 billion.

  • Cognizant does not have enough headcount to fulfill its potential: CEO Brian Humphries Oct 28, 2021 10:23 AM IST

    Cognizant does not have enough headcount to fulfill its potential: CEO Brian Humphries

    This is the second time the CEO has commented having to let go of some business due to supply crunch. It comes at the back of rising voluntary attrition of 33 percent (37 percent otherwise), highest among its India peers, at a time when the demand momentum is strong. The company will hire 45,000 freshers in India, who will be on-boarded in FY22.

  • Exclusive | Wipro, Mindtree snap up top HR executives from Cognizant Oct 12, 2021 10:40 AM IST

    Exclusive | Wipro, Mindtree snap up top HR executives from Cognizant

    The latest exodus, coming in the wake of senior Cognizant hands leaving to head other IT companies, large PE firms and startups over the last two years, underscores the company’s struggle to retain top talent

  • Cognizant accused of immigration fraud in the US: Report Aug 24, 2021 09:38 AM IST

    Cognizant accused of immigration fraud in the US: Report

    United States District Judge for the District of New Jersey, Peter Sheridan, said last week that Cognizant has an obligation to pay the appropriate fee for the visa privileges

  • Cyberattack: Accenture says no impact on operations, client systems Aug 12, 2021 12:59 PM IST

    Cyberattack: Accenture says no impact on operations, client systems

    On August 11, the Lockbit hacker group claimed that they have attacked Accenture and said they intend to leak the data.

  • EXCLUSIVE: Cognizant sees more top-deck exits—execs leading talent acquisition and global delivery leave Aug 05, 2021 03:50 PM IST

    EXCLUSIVE: Cognizant sees more top-deck exits—execs leading talent acquisition and global delivery leave

    These exits are likely to hurt Cognizant as they come at a time when the company is seeing record attrition and is looking at hiring 1 lakh experienced professionals.

  • Cognizant results indicate strong demand for IT services, fulfilment key challenge Jul 30, 2021 11:26 AM IST

    Cognizant results indicate strong demand for IT services, fulfilment key challenge

    Cognizant has reported notable growth in order bookings and raised the guidance for calendar year 2021

  • Cognizant attrition rate hits record high of 31%; company to make 100,000 lateral hires this year Jul 29, 2021 12:31 PM IST

    Cognizant attrition rate hits record high of 31%; company to make 100,000 lateral hires this year

    While the company has planned targeted compensation revisions, job promotions and job rotations to retain talent, it expects elevated attrition to continue.

  • More pain for Cognizant as attrition set to spike again this quarter Jul 28, 2021 07:51 PM IST

    More pain for Cognizant as attrition set to spike again this quarter

    While attrition is going up for all IT companies as engineers are spoilt for choice in the current job market, Cognizant's attrition is likely to be at elevated levels compared to peers.

  • Move over, Hindustan Unilever! Cognizant is truly the CEO factory Jun 22, 2021 05:17 PM IST

    Move over, Hindustan Unilever! Cognizant is truly the CEO factory

    Executives groomed at outsourcing giant Cognizant are being picked up by other companies seeking to scale up their businesses. That, say insiders, is an acknowledgement of Cognizant’s strong depth of leadership talent

  • Virtusa appoints former Cognizant executive Santosh Thomas as CEO Jun 10, 2021 10:16 AM IST

    Virtusa appoints former Cognizant executive Santosh Thomas as CEO

    Santosh Thomas will be succeeding the company’s founder, Kris Canekeratne, who announced his transition from the business in May.

  • Cognizant elevates India head Rajesh Nambiar as President of Digital Business and Technology Jun 04, 2021 10:46 PM IST

    Cognizant elevates India head Rajesh Nambiar as President of Digital Business and Technology

    He will succeed Malcolm Frank, who retires on September 1. Frank has been with Cognizant for about 16 years in various roles.

  • UBS' move to insource adds to Cognizant's woes Jun 04, 2021 08:22 PM IST

    UBS' move to insource adds to Cognizant's woes

    In a recent earnings call, the company said that it had to let go of projects due to inability to hire talents.

  • US court dismisses employees’ complaint against Cognizant for content moderation services to Facebook May 18, 2021 01:14 PM IST

    US court dismisses employees’ complaint against Cognizant for content moderation services to Facebook

    In the complaint, Cognizant was accused of “deliberately concealed or misrepresented facts of known danger – i.e. exposure to highly toxic, unsafe and injurious content” to employees while providing the content moderation service to Facebook.

  • Cognizant had to let go of business because it couldn't hire talent May 06, 2021 08:39 PM IST

    Cognizant had to let go of business because it couldn't hire talent

    The company said its revenue growth could have been higher but lost out due to a shortage of talent.

  • Cognizant Q1 net up 37.6% to $505 million; expects to log 7-9% revenue growth in FY2021 May 06, 2021 11:56 AM IST

    Cognizant Q1 net up 37.6% to $505 million; expects to log 7-9% revenue growth in FY2021

    The company, which follows January-December financial year, said its net profit was at USD 367 million in the March 2020 quarter.

  • Dealing with a crisis: ‘Talk the walk’ without chest-thumping May 05, 2021 01:00 PM IST

    Dealing with a crisis: ‘Talk the walk’ without chest-thumping

    If each one of our companies could take care of their employees and the communities in which they live and operate, they could take that much burden off the state’s shoulders.

  • Cognizant announces acquisition of ESG Mobility to expand automotive engineering expertise Mar 25, 2021 07:38 PM IST

    Cognizant announces acquisition of ESG Mobility to expand automotive engineering expertise

    Cognizant and ESG Mobility together will provide engineering services to eight of the world's top 10 automotive original equipment manufacturers (OEM). The acquisition would extend Cognizant's capabilities in digital automotive engineering R&D including in smart, connected mobility, the statement said but did not reveal the financial details of the transaction.

  • Cognizant to cover vaccination cost of over 6 lakh people in India Mar 11, 2021 10:10 AM IST

    Cognizant to cover vaccination cost of over 6 lakh people in India

    The company will also vaccinate 50,000 people, comprising contingent staff such as contract, support, and security personnel, and their families, Rajesh Nambiar, Chairman, and Managing Director, Cognizant India, said in a statement.

  • Cognizant rolls out wage hikes for 1.6 lakh employees, promotes 24,000 Mar 04, 2021 02:00 PM IST

    Cognizant rolls out wage hikes for 1.6 lakh employees, promotes 24,000

    From second quarter of 2021, the company will move to a quarterly promotion cycle for billable employees at the senior associate level and below,

  • Cognizant’s unique employee retention fund indicates HR undercurrents for Indian IT Feb 22, 2021 10:21 AM IST

    Cognizant’s unique employee retention fund indicates HR undercurrents for Indian IT

    Utilisation levels at most Indian IT companies reached optimal levels last quarter. With demand improving, the firms are stepping up hiring

  • On track to bring in more new hires in Q1 2021 than ever before: Cognizant Feb 18, 2021 02:41 PM IST

    On track to bring in more new hires in Q1 2021 than ever before: Cognizant

    The US-based company, which has over two lakh employees in India, expects to hire more than 23,000 fresh graduates this year in the country.

  • Cognizant reports 2.3% year-on-year decline in revenue in December quarter Feb 04, 2021 12:33 PM IST

    Cognizant reports 2.3% year-on-year decline in revenue in December quarter

    This decline comes at a time when its Indian peers TCS, Infosys, Wipro and HCL Tech have posted strong growth on the back of improving demand environment, deals wins.

  • Cognizant appoints Malcolm Frank to head its new service line Digital Business and Technology Jan 07, 2021 11:13 PM IST

    Cognizant appoints Malcolm Frank to head its new service line Digital Business and Technology

    The new service line is a result of merging the two of its existing service lines Digital Business and Digital Systems and Technology, the company said.

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