"I am deeply convinced that in terms of access to the talent pool and capability, engineering in India is at the centre of success of the group and definitely key, in terms of our ability to provide competitive services to clients. India is also important in terms of developing all our sectoral knowledge and innovation," Aiman Ezzat said.
Veeraraghavachary, a two decade veteran at Cognizant, held several roles including Corporate Security, Global IT and sales and operations would remain in the organisation till August.
While large outsourcers like Infosys and TCS are confident that clients will consolidate their technology engagements under one roof to streamline costs, midcap firms such as Hexaware and NIIT Tech say they will win bigger deals amid consolidation opportunities, despite the widespread impact on several key verticals such as travel and hospitality.
According to TCS' annual report for 2019-20, Gopinathan received Rs 1.35 crore in salary, Rs 1.29 crore in perquisites, Rs 10 crore in commission (at 0.02 per cent of profit) and Rs 72.82 lakh in allowances.
Due to the ongoing lockdown, companies have not been able to train freshers at their sprawling techcampuses using traditional methods. Instead, they have scheduled non-traditional training programs remotely, adding new elements to their skilling initiatives.
In bitcoin history, the first halving happened in 2012, while the second took place in 2016.
Facebook has agreed to pay $52 million to settle a class-action lawsuit in the United States which alleged that content moderators contracted to work for the social media giant had suffered mental health problems and trauma while filtering harmful content.
IT vendors catering to the banking, financial services and insurance (BFSI) sector are hiring more cyber security professionals even as there is freeze on all other technology positions, according to staffing firms.
As companies continue the remote-work model and look to improve the security of their networks, demand for cybersecurity roles is on the up despite uncertainty over onboarding employees amid a lockdown to combat the outbreak. Cybersecurity incidents involving video conferencing app Zoom and at IT services provider Cognizant have also forced companies to improve safeguards.
Cognizant CEO Brian Humphries says the restructuring done last year has helped the company lay the path for M&As and a better standing in the cloud technology market, despite a difficult business climate this year due to Covid-19.
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