Cognizant

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

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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

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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

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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

After reported layoffs, Cognizant delays promotions and salary hikes by 3 months

Cognizant Technology Solutions (CTS) has deferred promotions and salary hikes of its employees by three months, due to higher business costs, visa curbs and slow growth.

Jun 29, 2017

Gear change: Face IT industry headwinds with the right skillsets

Tech services companies which invested in digital services are likely to be the only ones showing revival in growth rates in future.

Jun 23, 2017

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Winds of change? Karnataka Govt mulling policy to address concerns of mass layoffs in IT sector

The Karnataka government has been mulling a policy that addresses the concerns of employees, especially those who have unfairly been sacked by their employers.

Jun 13, 2017

Intel top recruiter in IIT Madras; Samsung, CTS follow; annual package of Rs 1.15 crore offered

US technology firm Intel was the top recruiter in the 2016-17 season and hired 29 students from the institute, most of them from the computer science department.

Jun 13, 2017

Karnataka IT Minister Priyank Kharge to meet employees union to discuss IT layoffs

While Karnataka IT minister Priyank Kharge plans to meet the All India IT Employees Association that he will meet them "soon," Ravi Shankar Prasad is likely to meet the IT giants this month.

Jun 1, 2017

IT layoffs: Cognizant job cut plea closed in favour of retrenched employees; what's next?

The relief comes after eight employees had filed a plea with the labour department saying that Cognizant had sacked many of its employees on the basis of the annual performance appraisal.

May 29, 2017

IT Layoffs: Cognizant opens up about 'voluntary separation offer,' says beneficial to new generation of employees

Cognizant also said that this is the first time that the company has introduced an offer like this, whereas other firms have been doing it for years.

May 26, 2017

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