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…
