Cognizant Warns Employees Against Layoff Risk For Defying Return-to-Office Order: Report
10 months, 2 weeks ago

Cognizant Warns Employees Against Layoff Risk For Defying Return-to-Office Order: Report

ABP News  

The IT giant Cognizant, listed on Nasdaq, has reportedly issued a warning to its employees, indicating that continued defiance of the directive to return to the office premises could result in termination from the job, according to a report by LiveMint. Reportedly, in a letter dated April 15 addressed to the employees, Cognizant urged those who have yet to resume in-office work despite prior warnings to take responsibility and review previous communications from business leaders regarding expectations for on-site attendance. In a memorandum issued in February, Cognizant CEO Ravi Kumar S stated that all associates based in India are expected to adhere to an in-office presence averaging three days per week or as stipulated by their respective team leaders. According to its annual report, Cognizant's largest employee base comprises approximately 254,000 out of a total workforce of 347,700, indicating that a significant portion of its workforce is stationed in India. On a trailing 12-month basis, Cognizant's attrition rate experienced a notable decline, decreasing by 10 percentage points to 13.1 per cent.

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History of this topic

Cognizant to hike salaries in August, marking the second year of such a delay: Report
3 weeks, 5 days ago

Cognizant to hike salaries in August, marking the second year of such a delay: Report

Hindustan Times  

Cognizant Technology Solutions Corp will be giving annual salary hikes to employees from August this year, marking the second time it has delayed salary increases by at least five months. The Teaneck, New Jersey-based company usually gives hikes and bonuses around March, but after its new CEO Ravi Kumar took office, bonuses are given in March while hikes are given …

Why Cognizant’s salary hike announcement is a cause for concern
3 weeks, 5 days ago

Why Cognizant’s salary hike announcement is a cause for concern

Live Mint  

Cognizant Technology Solutions Corp. will give annual salary increases to its employees from August this year, making it the second time the Nasdaq-listed company has delayed salary hikes by at least five months. In a town hall from the company’s newly refurbished Kolkata office on Thursday, Cognizant chief executive S. Ravi Kumar promised salary hikes from 1 August even as …

Cognizant's warning to employees defying return-to-office rule: You'll be fired
10 months, 2 weeks ago

Cognizant's warning to employees defying return-to-office rule: You'll be fired

Hindustan Times  

Cognizant warned its employees that they could be fired if they do not follow return to office rules despite repeated reminders, LiveMint reported. Cognizant asked its employees in India to work from office for three days a week, news agency Reuters reported in February. The company said as per the report, “Please note that failure to adhere to the directions …

TCS says 70 per cent employees have started working from office, warns of delay in hiring
1 year, 5 months ago

TCS says 70 per cent employees have started working from office, warns of delay in hiring

India Today  

Tata Consultancy Services had implemented a work from home policy when the Covid-19 pandemic was at its peak. However, like many other tech companies, the company made a U-Turn on its decision and announced that the employees need to report to office for at least three days a week. Just last month, it was announced that TCS has completely bid …

Cognizant To Lay Off 3,500 Employees, Says Revenue Will Decline In 2023
1 year, 10 months ago

Cognizant To Lay Off 3,500 Employees, Says Revenue Will Decline In 2023

ABP News  

It major Cognizant said it it is planning to lay off 3,500 employees as the company will see a decline in revenue this year. It reported a three per cent rise in its net profit to $580 million, but its revenue fell 0.3 per cent to $4.81 billion. Cognizant provided revenue guidance of $19.2-$19.6 billion or -1.2 per cent to …

TCS, HCL, Infosys, Cognizant Work From Home to End? Know About IT Firms' Future Working Model
2 years, 11 months ago

TCS, HCL, Infosys, Cognizant Work From Home to End? Know About IT Firms' Future Working Model

News 18  

Even as the coronavirus cases in the country have come down to a large extent, information technology companies have started encouraging their employees to return to offices. “But, an important part of the journey to the 25/25 model is to first bring people back to physical offices and gradually transition into the hybrid work model,” TCS said. On the occasional …

Cognizant to lay off around 7,000 staff
5 years, 4 months ago

Cognizant to lay off around 7,000 staff

Deccan Chronicle  

Chennai: Global IT services company Cognizant will lay off around 7,000 mid-to-senior level employees globally and is exiting the Digital Content Business, which will affect another 6,000 jobs. The net reduction will be 5,000 to 7,000 jobs, or about two per cent of the company’s total population, as the company aims to re-skill and redeploy about 5,000 of the total …

Cognizant slashes jobs as part of cost cutting, revamp plans
5 years, 4 months ago

Cognizant slashes jobs as part of cost cutting, revamp plans

Live Mint  

Cognizant Technology Solutions will eliminate as many as 7,000 mid-senior level jobs globally and reskill about 5,000 employees as part of a plan to save costs and simplify the company’s organizational structure. “This will result in an annual cost savings of $500-550 million, which will be reinvested in growth,” chief executive officer Brian Humphries said in a telephonic interview on …

Cognizant may lay off more employees to bring down costs; plans to reinvest in talent, digital solutions to drive growth
5 years, 7 months ago

Cognizant may lay off more employees to bring down costs; plans to reinvest in talent, digital solutions to drive growth

Firstpost  

Cognizant will opt for job cuts as the firm’s headcount additions were not in sync with the revenue growth in the past two quarters. US-based Information Technology company Cognizant may resort to more lay-offs, this time a few hundred, as part of measures to cut costs besides exploring ways to bring down spending, according to a media report. Under the …

Cognizant likely to fire 6,000 employees this year: Report
8 years ago

Cognizant likely to fire 6,000 employees this year: Report

India TV News  

Struggling with growth in the fast-shifting IT environment, Cognizant Technology Solutions is likely to fire at least 6,000 employees in India as part of its appraisal cycle, which represents 2.3 per cent of its total workforce. Meanwhile, media reports have suggested that the company may fire as many as 10,000 employees, specifying that this is part of their normal appraisal …

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