Cognizant lays off employees across multiple India locations
Vinod AJ, general secretary of the All India Forum for IT Employees (AIFITE), said Cognizant employees across Chennai, Bengaluru, Hyderabad, Pune, Kochi and Kolkata have been affected.
Cyberattack on Cognizant hit corporate credit cards’ info
These cards were issued to its employees. Cognizant has roped in the FBI to investi...
Cognizant to retain digital talent in slowdown, anticipating recovery
The Teaneck, New Jersey-based IT services provider earns around 38% of ...
Cognizant will ask 400 more executives to leave
Cognizant may ask around 400 executives to leave the firm as part of its realignment programme.
Cognizant CFO signals further cost cuts, says TCS good at cost management
Karen McLoughlin said rival TCS managed costs better, which Cognizant would find difficult to emulate.
Cognizant to pay $5.7 million in class-action suit
Debi Mishra filed the original complaint on August 25, 2017. About a year later, the parties participated in a full day of private mediation before a retired judge but did not reach a resolution. The latest settlement agreement by the US court requires Cognizant to pay about half of what was estimated as damages by the plaintiffs.
Accenture narrows full-year growth guidance on uncertainty over Covid-19
Accenture has narrowed its full-year revenue growth expectations, as Covid-19 continues to impact its clients' spending. Accenture has further slashed the higher end of the growth guidance.
Indian IT firms cut spends on external learning, focus on internal courses
“Indian companies (technology firms) have scaled down in learning and development during the past few months, whereas global peers have maintained their spending in building their workforce,” said a senior executive at one of the top five digital technology course providers, adding that “they may have taken a conservative approach”.
Cognizant offers voluntary separation package for US staff as Covid hits biz
New Jersey headquartered Cognizant has announced a voluntary separation package (VSP) for its US employees. Due to the slowdown in demand and fewer contracts, the company is shedding the number of employees without active projects.
Cognizant to acquire cloud consultancy Collaborative Solutions
The transaction is expected to close in the second quarter of 2020. This is Cognizant’s fourth acquisition of a cloud services related business.
Restructuring laid the path for M&As, cloud offerings: Cognizant CEO
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.
Indian IT helps global healthcare firms fight Covid-19
Pune-based Persistent Systems has, along with the Biocomplexity Institute, created Covid-19 response solutions for nurses as well as mobile apps for patients.
Caught in a maze with Covid-19, Cognizant rejigs top brass pay
CEO Brian Humphries and other top leaders receive fixed components like basic pay as well as non-fixed ones like performance-based pay. Humphries earned a total annual compensation of about $16.5 million in 2019.
Indian IT may take a big hit as US retail struggles to stay open
IT services companies may see business from US retailers fall sharply, as some non-essential and luxury brands shut stores and furlough employees, analysts said.
Slowdown in America’s retail sector to hit Indian IT firms
Infosys, Cognizant, Tata Consultancy Services and Wipro service the retail sector in the US and analysts said their clients would eventually cut overall IT services budgets.
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