Based on average employee costs of $25,000 per annum for India-based resources and $50,000 for US resources, the move will release around $100 billion in salaries and associated expenses
E-sports company Mobile Premier League (MPL) and NxtGen Infinite Datacenter have also decided to absorb the cost of vaccination of their staff, joining the growing roster of enterprises in the country that are doing so
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
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
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.
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
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
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
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
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.
Engineering students graduating in June 2020 will see the offer made by Cognizant increase from Rs 3.38 lakh per annum to Rs 4 lakh
Cognizant likely to cut jobs after slashing full-year growth outlook; Indian mid-level employees to get hit the most
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
Shares of IT companies tumbled up to 3.7 percent on Friday after Cognizant reported over 15 percent drop in net income for the quarter ended March, and slashed its full-year revenue growth outlook
These content moderators aren't Facebook employees per se, but employees of organisations that Facebook has outsourced this work to
L&T distances itself from Cognizant's Indian bribery case, says it has no evidence of paying bribe for US firm's building permit
Cognizant said last week said it would pay $25 million to the US Security and Exchange Commission (SEC) to settle its India bribery charges
Cognizant posts net income of $648 mn in Q4 2018; appoints Vodafone executive Brian Humphries as new CEO
Cognizant had recorded a net loss of $18 million in the quarter ended December 2017
TCS ranked 3rd most-valued IT services brand globally; Infosys, HCL and Wipro clinch spots in top-10 tally
TCS is also the first Indian IT services brand to achieve success in the Japanese market
Cognizant Q3 net profit dips 3.6% to $477 mn on higher foreign exchange losses; revenue rises 8.3% to $4.08 bn
Cognizant follows January-December as fiscal, has a majority of its workforce in India.