Cognizant has seen nearly 13,000 employees return to the company. Ravi Kumar, the CEO of the Nasdaq-listed IT services firm, said this happened as the company recovered from its previous challenges and returned to growth and stability. Cognizant added 3,800 employees during the third quarter, a trend that its industry peers also mirrored. Despite this…
BENGALURU: Cognizant is facing a legal headwind after a US jury found the company guilty of discriminatory practices against non-Indian job applicants. According to SiliconValley.com’s report, the jury advised the court to impose punitive damages on Cognizant.TOI had reported last week that Cognizant was facing a class action lawsuit, representing approximately 2,000 former employees, that…
In recent years, salary increases have become less predictable in the IT sector. (AI image) The traditional April-June period for salary increases within many IT companies has shifted to the third quarter of the year, creating uncertainty as the process now depends on the demand outlook. In recent years, salary increases have become less predictable,…
BENGALURU: The timing of salary increases within many IT companies has shifted from the traditional April-June period to the third quarter of the year, introducing a level of uncertainty as the process is now influenced by the demand outlook. Salary increases have become more unpredictable in recent years, with the frequency and timing of these…
IT major Cognizant is selling its long-standing Indian headquarters in Chennai. The property, located on Chennai’s IT Corridor in Okkiyam Thoraipakkam, includes a 15-acre land parcel and 400,000 square feet of office space. As per real estate industry estimates, the property could fetch around Rs 750 crore to Rs 800 crore to the company. The…
US-based software major Cognizant TriZetto has filed a lawsuit against Indian tech giant Infosys in a Texas federal court. The lawsuit filed by Cognizant alleges that Infosys has stolen trade secrets related to its healthcare insurance software. New Jersey-based Cognizant has 70% employees based out of India. Infosys has vehemently denied these allegations and has…
IT giant Cognizant is under fire for implementing minimal salary hikes and offering historically low starting salaries to freshers. Despite posting a quarterly profit increase, the company has drawn widespread criticism for its compensation policies.According to a report in Economic Times, Cognizant Technology Solutions is said to have handed out annual salary hikes as low…
Cognizant, a leading American multinational IT services and consulting firm, recently found itself at the centre of social media trolling after one of its job postings went viral. The controversy began when Cognizant announced an off-campus hiring drive for the 2024 batch, offering an annual package of Rs 2.52 lakh. The job posting, which targeted…
BENGALURU: The appointment of non-Indian CEOs at Indian IT companies has presented a curious case of cultural misalignment, as evidenced by the departures of former Wipro CEO Thierry Delaporte and former Cognizant CEO Brian Humphries.Both leaders faced challenges in blending into the cultural fabric of their respective firms. Both CEOs were based in Europe –…
CHENNAI: The Income Tax Appellate Tribunal – Chennai bench on Wednesday ordered that a Rs 19,000-crore share buyback undertaken by technology major Cognizant in 2017-18 attracts dividend distribution tax of Rs 4,853 crore. The ITAT‘s ruling dismissed an appeal filed by Cognizant. Cognizant conducted a share buyback through a scheme approved by the Madras high…
