Several let go, many others looking to leave as quick as possible.
Topics regarding layoffs at Cognizant
Email today from CEO says that incentive pay will be significantly less than 100%.
I am interested in the overall number of employees. Also, please share if you know how many people work at Teaneck?
Have heard that there is a retention bonus for D+ folks who they think is valuable? Is it a serious thing or just a rumor? Wonder where we are going with all this !!!!
US-based IT major Cognizant will be handing pink slips to around 350 employees who draw annual remuneration between Rs 80 lakh to Rs 1.2 crore, according to a report in The Economic... — read more
How likely is that there will be Cognizant Layoffs 2020? Any news or rumors?
Will there be any compensation provided for those who are laid off?
Why no posts here?
Everybody keeps saying more layoffs are to come but nobody is giving any more info on it. Do we know even roughly when it might happen? And how many will be affected?
Pune & chennai CTS have most deadwood staff - more drastic layoff needed in these locations which have reputation of xenophobia and local cartels in RMG, & HR.
This is just starting, there will be more layoffs by Cognizant... No coverage by the media, they are just happy to get advertising money from CTS. Shame.
All geos, all BUs, all levels. Will be executed in Q3 itself. Regret joining.
FYI... As of June 2017, the following timelines are strictly followed in US -> The releasing project manager has to provide 2 week notice period to the employee before release. During which time the associate will be in “Practice Deployable Pool”... — read more
Absolutely no innovation from the Tech Companies in India. All that education is useless
Executive layoffs started today for this round in the US.
Might be a great job market right now, but from what I've been seeing, that's not true for our industry. With so many layoffs all around, there are too many people applying for same jobs. Employers can pick and choose - and adjust the pay down... — read more
senior manager and lower middle managers down sizing started off in India - many are finding themselves from key meetings and indications are clear that quite huge no of senior manager,s delivery managers , heads etc will be forced out - age bracket... — read more
So, how does that affect the associates - Promotions, Hikes .. Job Safety..
Is anybody actually surprised by this? I certainly am not. Despite cost-cutting drive, Cognizant top executives got double-digit hikes in 2018... — read more
Hoping for a new direction. So many good people bailing out.
I'm glad to see that Cognizant is implementing a strategy based on what got it to the level on which it is today, growth. Not to mention that it took courage to do this, given that in today’s corporate world it’s all about the profits and the bottom... — read more
CTS should pay better, they do not pay well
Have you heard anything about potential Cognizant Layoffs in 2019?
layoff of outsiders from Pune - due to government new rule of 80% local hiring ? after maratha reservation demand. Already large number of outside states employees are being moved to bench... — read more
Came across this article, and it looks like Cognizant is is in talks to acquire Softvision, an app development company, allegedly for the figure of 550 million $. My opinion is that investing into digital services is the only smart thing to do at... — read more
massive hiring drive for in view of imminent layoff after next quarter. prospects being pressurized to join with in one month or two max — read more
Testing groups being dismantled, expect significant loss of jobs especially in Pune
Heard around 200 D+ are asked to leave Any more info on this? True or false? — read more
middle mgmt layoff process initiated - expect widespread induced resignation with 6 months pay comp target manager to delivery layers and sales
CTC wants attrition to increase by another 10% min. Managers have been instructed to let work env to worsen so that more staff leave voluntarily, by imposing more work load, unfair appraisals, scapegoating etc so that there is no need to layoff and... — read more
The attrition rate is very high but so is the intake rate. Net addition of 7500 employees in one quarter should raise some eyebrows. They are hiring left, right and centre. They'll cut around 200 senior level executives anyway. But that might not be... — read more
I knew our attrition was high, but this is ridiculous. In the second quarter, Cognizant's attrition was over 22% which the company attributed to internal as well as external factors like increased demand for experienced IT talent... — read more
I had read those mass layoff news last year(2017), since then I've not seen any news like that. Though I do not work at CTS, but I've heard things that these guys are resorting to a wicked game now; every week people are shown the door(4-5 employees... — read more
recruitment process - large scale corruption thro head hunter agencies, every role sees money extracted from potential employee, by head hynder and hiring department /vertical business unit head....
Olden days for Cognizant is gone, these RDP or Role development plan or Cognizant Career architecture or CCA whatever they call it is a bogus, only created as a switch to ensure that when uncertainty happens in industry they switch on that button and... — read more
500 senior managers in layoff target list expect it to grow, those who moved to talent mgmt and other cozy roles may be shown door any time in next two months
new layoff tactic emerges- lower retirement age already done by tech mahindra, cognizant too may adopt same tactic to get rid off professional with over 25 lakh CTC https://www.thelayoff.com/t/TflJT26 — read more
Any positive or negative thoughts on this? Dear MAP Participant, As a result of DXC's upcoming spin-off of its U.S. Public Sector business into a new, publicly traded company named Perspecta, DXC stockholders will receive one share of Perspecta... — read more