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  • 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.

  • Cognizant will recruit 23,000 freshers in 2021, says chairman Rajesh Nambiar Dec 09, 2020 03:33 PM IST

    Cognizant will recruit 23,000 freshers in 2021, says chairman Rajesh Nambiar

    Rajesh Nambiar also spoke about the demand environment, stating that industry is at an "inflection point" in digital adoption.

  • Will IT services firms’ healthcare segment have more to gain under the Biden administration? Nov 24, 2020 04:45 PM IST

    Will IT services firms’ healthcare segment have more to gain under the Biden administration?

    While the US government wants to build on the Affordable Care Act, or Obamacare, it will have to roll back some of the changes brought about by the Trump administration that weakened it. Of course, if the Biden administration builds on the ACA, the healthcare segment of IT companies will benefit, says an expert.

  • Cognizant to roll out promotions for employees this week Nov 10, 2020 10:24 PM IST

    Cognizant to roll out promotions for employees this week

    The promotions announced are for employees up to associate level, effective October 1. Promotions to senior associate level and above will be announced in January-March 2021 quarter, effective January 1 2021.

  • Cognizant's '2020 Fit For Growth' plan: 7,000 mid, senior level employees laid off Nov 01, 2020 10:09 AM IST

    Cognizant's '2020 Fit For Growth' plan: 7,000 mid, senior level employees laid off

    As a part of the plan, Cognizant said it would lay off close to 7,000 employees, who would leave the firm by mid-2020.

  • Cognizant's healthcare vertical gets back its mojo Oct 29, 2020 05:20 PM IST

    Cognizant's healthcare vertical gets back its mojo

    Healthcare accounts for about 30 percent of the overall revenue of Cognizant.

  • Rajesh Nambiar appointed Chairman and Managing Director of Cognizant India Oct 28, 2020 08:06 AM IST

    Rajesh Nambiar appointed Chairman and Managing Director of Cognizant India

    In an email to employees, Cognizant said, based in India, Rajesh Nambiar will serve as the executive committee representative of nearly 2 lakh associates in the country.

  • 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.

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