Most of the managers gets perks from third party vendors and they layoff the internal staff.All projects will be handled by third party vendors.Its happening across all cognizant.
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HR itself non Billable. There salary generate from our work. When we are billable and client has provided money for us then who is HR apply order on us. so why company not plan to remove HR first who are the burden on company. Why always hanging knive on us who is generate a revenue. It is very sad to say someone who is doing nothing control life for those who is generating revenue.
I don't agree completely with that being an insider. Yes, third party vendor and lobbying is upto D or SD levels but its only if there are sudden and huge resource demand requirements from Customer which Cognizant cannot supply using bench.
However, all external hiring is now under freeze and Managers are asked to make the Margin at least 35% or higher. Earlier folks have entered with higher billing rate or salary with exceptions, but now that's not the case.
This 35% margin is now also applicable on internal resources. So if you are M+ and the client is only paying an A level billing, time to upscale or find ways outside of Cognizant. It's sad, but end of the day Human resources are just money making resources.