Cognizant
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Cognizant withdraws 2020 growth forecast in wake of uncertainty over coronavirus impact; says long-term business fundamentals strong
•For 2020, Cognizant had said it expects its revenue growth to be in the range of 2-4 percent in constant currency.
Cognizant to hire over 20,0000 'digitally ready' graduates from campuses; to hike salaries to Rs 4 lakh
Fp Staff •On last Friday, Cognizant opened a new facility in Mangaluru, expanding its presence in Karnataka.
Cognizant may sack 350 employees as part of cost reduction measures; company to focus more on digital technology services
Fp Staff •In November this year, Cognizant had said it would slash up to 7,000 jobs in the next few months as part of a cost reduction programme.
Forum for IT employees planning to take legal actions after talks on layoffs fail
Swathi Moorthy •FITE submitted a petition to the labour commissioner soon after Cognizant announced its plan to trim the workforce.
IT union body to speak to Tamil Nadu labour officials over allegedly illegal termination of IT employees in India
Swathi Moorthy •The move comes on the back of recent termination of services of Elavarasan Raja by Cognizant
Daily Bulletin: Narendra Modi to inaugurate Kartarpur corridor on Indian side today; SC to hear plea against Delhi govt's odd-even scheme; day's top stories
Fp Staff •Here are today's top stories: Narendra Modi to inaugurate much-awaited Kartarpur corridor on Indian side today; IMA calls for 24-hour shutdown in Karnataka to extend support to striking doctors in Bengaluru; and more
After Cognizant, now Infosys is laying off over 10,000 middle, senior level executives
Fp Staff •After Cognizant, now Infosys is laying off over 10,000 middle, senior-level executives
Cognizant Q3 net profit rises 4.1% to $497 mn; company to slash 7,000 jobs as part of cost reduction drive
•Cognizant will remove about 10,000-12,000 mid-to-senior level associates worldwide from their current roles in coming quarters, it said.
'Overly-dramatic': Mark Zuckerberg dismisses Facebook moderators' grievances against appalling work conditions
•Zuckerberg's remarks compound the material violence experienced by moderators, dismiss the complexity of their work and, most crucially, dismiss their potential to organise.
Cognizant may lay off more employees to bring down costs; plans to reinvest in talent, digital solutions to drive growth
Fp Staff •Cognizant will opt for job cuts as the firm’s headcount additions were not in sync with the revenue growth in the past two quarters.