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I am current employee in Cognizant USA.
Cognizant is internally rotting with SD and above playing politics to save their own jobs.
The offshore has bloated organization structure with zero accountability.
The onsite senior leadership in USA and Europe is incompetent and making sure they have current position until they find next company.
This is the statement given by the CEO.
"We anticipate some sequential increases in voluntary attrition in the coming quarters after the forthcoming merit-based promotions and salary increase cycle."
The Merit based promotions and salary increase would benefit offshore and they are shutting the doors for the Onsite folks as well as Sr. folks. In other words - all the middle management are being fu*ed up.
I am glad this will help the Jr. level resources to grow up and I wish these Bas*rds good luck anyway as most of us have accrued stocks through purchase plan.
I really wish I was just being paranoid, but I doubt it...