India CMD Ramkumar Ramamoorthy clarified Cognizant would continue hiring, and that the earlier job-cut announcement was but a small one, considering the company had around 290,000 employees globally.
Nasdaq-listed IT company Cognizant Technology Solutions Corp on Tuesday announced the acquisition of Pepperweed Advisors, the IT consulting services division of US-based Pepperweed Consulting, for an undisclosed sum.
'In India, the impact will be less than 1% of employee headcount.'
Despite growing rapidly in an adverse business climate, rumours cast doubts about its future.
Cognizant, an IT service provider,plans to start operations in Hungary and Philippines. The company is also considering expanding to Europe.
Some major contracts coming up for renewal include TCS' deals with Star Alliance, a consortium of airlines based in Germany, and Nielsen; Infosys' deals with GE Appliances and Daimler; HCLTech's with UK-based life insurer Chesnara; Wipro's with German electric utility company E.ON and Petrobras of Brazil; and Tech Mahindra's with Circle Health.
Two senior faculty members of Aligarh Muslim University (AMU) exchanged blows in an official meeting, leading to a possible departmental action. A video of the incident, which occurred on Sunday, has since surfaced on social media. The reason for the fight is still unknown, but AMU sources say it stemmed from a long-standing misunderstanding between the two professors.
The man steering Cognizant today is boyish-looking, 44-year-old Francisco D'Souza, who could easily pass for an energetic student at a management school, than for the CEO of a top-flight technology company.
The company has not detailed out the geographies that would be impacted by the reductions. However, given that India accounts for the biggest share of the company's headcount, the impact of these layoffs is expected to be significant.
Firm to prune domestic costs through initiatives such as voluntary separation
The Supreme Court of India has reserved its verdict on a plea by BJP leader and former Karnataka Chief Minister B S Yediyurappa challenging an order reviving a corruption case against him. The case involves allegations of corruption and criminal conspiracy related to the allocation of industrial land. The court has framed several key legal questions, primarily focusing on the interplay between various provisions of the Prevention of Corruption Act and the Criminal Procedure Code regarding prior sanction to prosecute a public servant. The court has asked Yediyurappa's counsel to file written submissions within two weeks.
Leading IT service provider, Cognizant Technology Solutions is looking at India as a talent pool for global market, a senior company official said on Wednesday.
Adding another feather to its cap, IT major Cognizant has joined the prestigious league of Fortune 500 companies.
The report said the gap in revenue growth between Cognizant and TCS had reached to its lowest of four percentage points in the four-quarter period ended September, 'despite TCS's larger revenue base'.
IT firm Cognizant on Friday said it will give employees who are at associate level and below in India and the Philippines, an additional payment of 25 per cent of base pay for April in recognition of their extraordinary continuity-of-service efforts amid the covid-19 outbreak. The move is expected to benefit over 1,30,000 Cognizant employees in India.
The returning officer for the New Delhi assembly segment has directed the police to investigate an incident of Bharatiya Janata Party candidate Parvesh Verma allegedly distributing shoes to electors at a Valmiki temple in violation of the poll code.
Can a culture survive as a way of life, even as the language and writing at its core, alter with time? Can we be rational and Malayalee or do we have to necessarily be religious and proudly cultural to be Malayalee? asks Shyam G Menon.
IT major Cognizant Technology Solutions said on Friday that its development centre in China was expected to get legal status by August-end and the operations would be headed by Henry Yang, a Chinese native.
The mix of direct college hires and experienced professionals in global information technology major Cognizant Technology has witnessed a change in the recent past.
Indian-origin tech companies cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H-1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies.
In a chat with Shivani Shinde, Cognizant vice-chairman Lakshmi Narayanan explained the rationale behind the current acquisition and the way ahead.
The company, which had made voluntary disclosures about the bribery incident to the US authorities, also said with this resolution, there was no pending investigations against Cognizant.
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
Rahul Gandhi made the statement on January 15, 2025, during the inauguration of the Congress Party's new headquarters at Kotla Road in Delhi.
The allegations of DDT evasion is connected to some transactions the Indian entity has made while buying shares of the company from the Mauritius and US companies of Cognizant.
Congress president Mallikarjun Kharge has accused the BJP of rigging the Maharashtra assembly elections and called for a return to ballot paper voting. He also criticized the Modi government for selling off public assets, undermining democratic institutions, and promoting communal polarization. Kharge's remarks come as the Congress prepares for its AICC session in Ahmedabad, where it will present its political and economic views.
Social media influencer Ranveer Allahbadia and other individuals associated with a YouTube reality show, "India's Got Latent, " face legal trouble after complaints were filed in Mumbai regarding offensive and vulgar content on the show. Two separate complaints, one with the police and another with a city court, were filed by members of the BJP and Congress, respectively. The complaints allege that the show promotes abusive language, vulgarity, and nudity. The YouTuber, with almost 16 million followers, has since apologized for his distasteful comments on parents and sex, which had sparked widespread outrage. The complaints seek action against Allahbadia, show host Samay Raina, fellow YouTuber Ashish Chanchlani, the show's makers, judges, and participants.
In the first phase, 400 professionals would be recruited and trained for the 37,000 square feet new facility housed at the special economic zone notified Muthoot IT park, Cognizant Vice-Chairman Lakshmi Narayanan told reporters in Koch.
Cognizant is one of the largest employers in the region.
Cognizant Foundation, the corporate social responsibility arm of Cognizant, has extended a financial aid of approximately Rs 40 lakh (Rs 4 million) to Maharashtra-based non-governmental organisations.
'Cognizant's results indicate that digital related spends can more than offset headwinds in traditional services'
Hiring during a recession and leveraging a stable succession gameplan are just a few amongst many other things that this firm did right.
Cognizant derived 41 per cent of its revenues from financial services.
A woman in Uttarakhand was forced to transport her brother's body on the roof of a taxi after ambulance drivers demanded exorbitant fees. The incident sparked outrage, prompting the state's chief minister to order an investigation.
It was in 2008 that the company entered in the Fortune 1000 ranking at 859th position. In three years, it has ascended 375 places to find a place in the prestigious Fortune 500 ranking.
Buoyed by stellar earnings in the September quarter, IT firm Cognizant said it will offer promotions for its employees at all levels up to managers.
Refining its inorganic growth strategy further after carrying out acquisitions in consulting and analytics areas down the years, Cognizant Technology Solutions is understood to be scouting for business process outsourcing firms specialising in insurance in the US and Europe.
A company spokesperson told Business Standard that Amazon was committed to the safety and well-being of its employees. "Disciplinary proceedings have been initiated against the people involved in the incident. "The process is underway and we are looking at a potential case of 'separation' for the people involved within the next week or two," the spokesperson added.
