Ruthless layoff ... u r in trouble if you are in the 4th bucket even if billable. With Covid as cover noone will question. sly ceo and crooked hr head want to utilize this opportunity to accomplish their agenda ... while sweet talking how they stand by their employees in these tough times
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People who holds H1 are terminated or still CTS is paying them?
yeah because managers at cognizant dont do sh–tt. they just walk around office chatting, having coffee break every hour, and checking emails. try acting that way with a real company full time and see how long you last. for the best
Any more news on the hikes for 2020 ? I know keeping the job is big deal, but Cognizant has been cheating even before Covid by not providing revisions to M+
I think a general strategy of CEOs is to fire people just to show that they are doing something. They keep firing not because they have a vision but they buy time so that they get to keep their jobs. In the end, something happens and conditions improve and they take all the credit or company gets worse and they exit with a golden parachute. They also replace fired people with hires from their competition. This way the competition gets undermined and the company improves the chances of its survival. It is not good or bad but it is like the predator-prey videos that you see on the Discovery channel.
I think things will improve as covid condition gets better
To the mo–n below, who thinks he/she is genius....
There was old boys' club. I agree. But do you think all who are getting the boot are from that club? NO. It is all over with a intimidating evil strategy that doing no good.
Don't you see another club is building? the CEO is bringing all his people from his previous companies (HP, Vodafone). What do you think of joker CMO that joined from his HP connection?
Don't you see the first few acquisition after the new CEO came were Irish companies.
The bottom line is that the higher management is more corrupt today and they are all out with "only money of today matters". All strategies gone. Every single person is demotivated. No hike for 2 years. No sight of any growth in this org. They think whipping the people will do miracle... they come up with a musical chair at the senior management and keep changing them in every 3-6 months. They think citing digital 100 times and "fit for growth" 500 times will do miracle. Hire the cheapest and stupidest person...
Because they think all that matter is some b—s— statements. Look at the new metric that they come up with every quarter just to show CTS was never better than this. Next quarter, when that metric does not hold good..they come up with new metric. We grow at 4% and start shouting CTS got back its mojo....man...look at the last 9 quarters result. Last 4 quarters are the lowest growth in CTS history. Why are you so upbeat? The stupid CMO comes and say the stock price is UP and because our new CEO did excellent. I hear a Trump there.
At the end... CST started moving slow and top management became lethargic with last management. So a change was needed. But what we have got is worse...a utter chaos... an id–t, liar CEO who does not understand any single thing about the technology (remember his initial statement CTS will do 5G projects)...only knows PnL. Has no humility. this org became from less efficient to a recipe for disaster.
Hi all, I am billable resource and my rating is 4,I got mail from HR for a meeeting by month end , anyone have gone through such scenarios,
To all you losers who are whining here after losing your jobs or are scared that you may the only reason you lost your job is because you are of no use to Cognizant or the clients you worked for . If you did anything of importance your jobs would be safe. The hard truth is your clients are not prepared to pay a profitable rate for your services and Cognizant has seen through your skill gap . its time to learn stuff to make yourself relevant than rant here . You are the only ones responsible for the situation you are in . Old Boys club, Managers having relations with vendors etc may be all factors .. but the elephant in the room is the Mediocre skill level of the person losing the job ... if your job is important you will not be fired .. that is the bottom line .
Any one does have idea is layoff happening for A and SA level as well for 4th bucket
I was Exceeds Most Expectation, on bench for short time, got my vacation pay (had 15 days worth), 3 months cobra coverage and NO severance pay at all
Which location? were you on bench?
Got Laidoff from Cognizant M level and above.
What is going on?
Wait what's going on with top management?
Is the layoff happening for everyone in 4th bucket at levels M and above?
There’s a shakeup on top mgmt once again. One way it’s good for the next gen leaders to emerge. However, the M category is always a scape goat. Sharks above them grabbing their 2019 hike dues already and forget about 2020.
These guys only do body-shopping in most of the accounts, yet show off as if they run customers whole IT business.
I personally loved Cognizant until 2012ish. Afterwards it’s all BS !
It's hard to say what the criteria for layoffs are and how those decisions are made. Most who are affected seem to be M and above, but a few people I know who were affected were A level.
Although performance is a factor, it doesn't seem to be the main factor for layoffs as there have been cases where those who were laid-off were in good standing.
What is the criteria used for selecting who gets laid off? Leadership keeps saying it’s not performance based . Any insights?
Is layoff happens only for M and above
The bucket system is just an appraisal system. Year end performance reviews.
I believe there are 4 categories:
1- Exceeds All Expectation
2-Exceeds Most Expectation
3-Meets All Expectation
4-Meets Some Expectation
I'm not sure how often people get 3 or 4. To be honest, I feel like 1 and 2 are common, at least from my experiences.
So if you happen to hear that people in the 4th bucket are being let go or something like that, it means people who have "Meets Some Expectations" in their performance review. People in that category are generally "poor performers". Is that true? I have no clue. This company is a political game. You just need to learn how to play it and make friends with all the right leaders.
Also, to the person new to Cognizant, I'm not sure which market you're in, but all the best! People who are new to the company these days generally fare well.
I got fired during 2017 crisis. This is new normal. If you get fired, move on. Try to learn coding.
I am new to Cognizant. Can someone explain how the Bucket system works?
How big will layoffs be in the United States?
Another round of layoffs yesterday which impacted some of my coworkers; United States market is the region I'm aware of. I do not know how the other regions have been affected yet.
I was told the ransomware was a big reason for this round of layoffs. I do not know if there are coming, but I will keep this place updated for any new developments I hear. It's sad but I am not surprised that ransomware happened with this company. Our IT infrastructure is beyond out-of-date and the people running and supporting it are incredibly slow. I've had instances where issues would go unresolved for 6 months. Even after constant back and forth and escalations.
There are plans for more hiring throughout the year. All the leaders are talking about how this is sad and unfortunate. None of them are affected by these layoffs. It's always everyone else below.
It’s true Several of my colleagues were laid off yesterday. Very sad.
Yes, this is 100% true news. Even though the performance of the employees are good per clients and client wants them, the supervisors have rated the employees badly which has resulted in layoff. Supervisors have been asked by higher management to rate 5% of employees as bad performers. One of my friend is an excellent performer and with the same client for last 6 years. She is liked by the clients for her performance and delivery. Last year she was assigned back to the same client based on client's request after her maternity leave. She had requested leave for a surgery for a month. She was also on maternity leave last year for a few months. Due to this, she was rated badly and laid off though she was billable. Cheap politics and games played by her supervisor caused the layoff of excellent resource. CEO and the HR head's decision due to covid and ransomeware attacks have resulted in several layoffs. Cognizant is indeed a bad company to work with and I would not recommend it to anyone. People play cheap political games and discriminate against the non-Tamil people.
Maybe they should look at management who fails to lead, discriminates against women, and lie to customers. There is a definite "old boys network" here and thankfully Mr. Humphries is cleaning up the 15 year Indian ways. And, let go of H1 visas taking jobs from nationals in every country. Time to be a truly multi national company.
More layoffs in Unite States confirmed. Spoke to a close coworker, many members of their team were laid off last Friday (May 8th). This isn't just limited to 'poor' ratings as the other members were not poor performers with bad ratings. The coworker is still around. They're the top performer (with an employee award), but even they are also worried as work has slowed down too much.
Spoke with a manager today and he suspects there will be more layoffs will be coming this and next week. What a sh– show. Do not trust HR. I've personally worked closely with many of them in North America and have also been involved in past layoffs within Cognizant people; I've seen it first hand. They are horrible people to work with and very fake. They will pretend to recognize you as a person but will never reply to any questions you have.
I'm still employed but I will update if I am also affected. Happy to answer questions if I can as long as I can.
i am in this as well, only 3 business day notice before my last day of work, notified Thursday for termination date of Monday
They already laid off + fired at least 11,000 employees in April 2020 (to be continued). They will replace with "20,000 entry-level":
I am also one of impacted with the cognizant layoffs. Very bad company and they says always lies to until work is done.
Yes, me too. I had call with HR and 11th May is my last day and HR is very rude.
Please talk to client and convert the role to full time.
Rumored Terms of Layoff are as follows: 2 Weeks Pay + 3 months of Insurance.
This is as cheap as it gets. No wonder, CTS is trying to keep things quiet. I recommended my friend get an employment lawyer to deal with this.
Yes, the news is true. One of the Senior managers( my friend) got termination yesterday.
If you have MS, you are going to be laid off (fired?) for performance reasons. It doesn't matter if you are billable at client location. It's coming from HR - The Account Team is helpless to stop it even though it is hurting client relationships.
One of my friend recently got released from a billable role. He got selected for the next assignment. Seems the HR has sent a note to stop deploying him since he was rated MS.
Though there is no official note from Cognizant that they are laying-off 4th bucket associates, I see no reason other than "layoff" to restrict an associate getting on a billable role.
Yes, I too heard; it’s happening and one of my acquaintance is getting fired tomorrow from client location in Boston MA
Very true and tomorrow is the final date of employment.