Topics regarding layoffs at Cognizant

Topics regarding layoffs at Cognizant

More layoffs coming

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 

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Post ID: @OP+12FAPCKZ

Layoff compensation

Will there be any compensation provided for those who are laid off?

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Post ID: @OP+11SYmHXe

When?

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?

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Post ID: @OP+110Idn10

Cognizant bench policy

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 

I really hope layoffs are minimal

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 

New CEO

Hoping for a new direction. So many good people bailing out.

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Post ID: @OP+XymADnI

Cognizant going back to basics- growth instead of profits

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 

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Post ID: @OP+Wih95oQ

Cognizant in talks for a new acquisition

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 

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Post ID: @OP+VoiC41Z

Layoffs started?

Heard around 200 D+ are asked to leave Any more info on this? True or false?

CTC wants attrition to increase by another 10%. managers instructed to let work env to worsen so that more staff leave voluntarily

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 

What''s in store in 2019

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 

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| 2020 views | | 1 reply (last )
Post ID: @OP+UzeNzMM

With attrition like this, no need for layoffs

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 

Olden days for Cognizant is gone

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 

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Post ID: @OP+TUJ18w7

Perspecta Stock Notification

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 

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Post ID: @OP+ThHedcX

Buy out option

Does buy out option depend upon the decision of the manager. Hr and manager are not ready to give buy out.

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