April 1, 2025
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Tag: Cognizant

Cognizant sells the building from where it rang Nasdaq bell, and that has been its India headquarters for 20-plus years – The Times of India

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In a significant real estate transaction, Cognizant Technology Solutions, a leading US-based IT company, has sold its 13.68-acre prime property in Okkiyam Thoraipakkam, off Chennai’s Old Mahabalipuram Road (OMR), for Rs 612 crore. The sale, registered earlier this week, at the Neelankarai sub-registrar’s office, marks the end of an era for Cognizant’s India headquarters, which…

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Cognizant CEO Ravi Kumar S gives employees update on bonus and ‘delayed hike letters’ at Townhall – The Times of India

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Cognizant CEO Ravi Kumar S addressed employees in a recent townhall meeting, providing updates on the company’s bonus structure and the status of delayed salary hike letters. The townhall aimed to address employee concerns and provide clarity on the company’s compensation plans.As per a report by Mint, during the meeting, Kumar acknowledged the frustration among…

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Cognizant CEO Ravi Kumar indulged in anticompetitive tactics and …, says Infosys in counterclaim against the company – Times of India

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Infosys has filed a counterclaim against Cognizant in a Texas court, escalating its legal dispute with the US-based IT giant. The India’s second largest software exporter accuses Cognizant and its CEO, Ravi Kumar, of employing anti-competitive tactics and misusing confidential information to hinder the development of Infosys’s healthcare platform, Helix. What Infosys’ lawsuit against Cognizant…

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Cognizant CEO Ravi Kumar on rejoining of 13,000 associates: “The mojo of the company is back” – Times of India

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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…

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Cognizant biased against non-Indians: US court – Times of India

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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…

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Wait gets longer for IT sector employees! Appraisal and hike cycles being shifted across big IT firms – Times of India

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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,…

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Cognizant is selling the building that has been its headquarters for over 20 years – Times of India

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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…

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Cognizant sues Infosys in the US court: Here’s what the complaint says – Times of India

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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…

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