Tuesday, 08 August 2017 08:56

Top Cognizant executives accept VRS

The Company is attempting to increase its cost margins and revenue growth.

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Around 20 executives have written a letter to the CEO and chief people officer of the company, intimating their decision to take a pay cut ranging from 10 per cent to 20 per cent.

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The scenario is another indicator that the IT industry going through a tough phase.

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The IT giant has increased local hiring in the past two years.

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Large-scale white-collar displacement at middle and senior levels is a relatively new phenomenon in the Indian business environment, which both employees and employers are ill equipped to handle. This will certainly increase the chances of unions playing a more dominant role.

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With dipping revenues, falling hiring numbers and the kind of talent sought by IT industry undergoing a massive change, what will keep the charm intact? 

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Employees with over Rs 40 lakh in annual salaries or those at the director and senior VP level are being considered. 

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Wednesday, 22 March 2017 12:08

Cognizant to trim workforce by five per cent

In an endeavour to shift its focus from traditional IT services to digital, the company plans to trim its workforce

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Tuesday, 20 September 2016 09:50

Now, work from home & get paid extra

Cognizant recently allowed its employees in India — in support functions — to work from home as part of a space-management strategy.

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In his new role, Das will focus on strengthening leadership practice.

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