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Cognizant has a grassroots corporate social responsibility project called Outreach , through which the volunteer employees lend their expertise for devising skill-building and workforce programs to improve the operations of NGOs. In , the Fortune named it as the world's fourth most admired IT services company. Over the year , Cognizant signed multiple sponsorship agreements with sports, sailing and racing teams. Later in the year, in April, Cognizant signed an agreement to be SailGP's digital transformation partner.

In March , significant publicity was raised because Cognizant repetitively violated the directives of the Registrar of Companies. The Company "has moved [sic] the Madras High Court fearing possibility of criminal prosecution being launched against it by [the] Registrar of Companies for alleged violation of the provisions of the Companies Act of and the Companies Appointment and Disqualification of Directors Rules of In a race discrimination suit was brought: "Three hundred former employees claim they were forced out of their jobs and replaced with 'less qualified' Indians after being poorly treated by their Indian supervisors and colleagues, given unjustifiably low performance ratings and denied promotions.

The number of the executives that were dismissed is unusually high and questions the ability of the company to catch up with the latest technologies. In , eight employees filed petitions with the labor department, complaining Cognizant forced them to resign as part of a performance-based review. The labor department closed the case in favor of employees and advised company management to give one more opportunity for the petitioners to prove themselves.

A Cognizant spokesman confirmed the report and said in a statement that a court has instructed the tax department not to take further action pending further hearings. The court asked the company to deposit 15 percent of the disputed tax, amounting to 4. In February the UK and Irish press expressed concerns about contractors employed by Cognizant in Dublin as part of the outsourcing contract with Google about the conditions of employment in relationship to compensation and basic employment allowances like sick leave.

In , Cognizant announced that it was cooperating with US authorities in an investigation related to the Foreign Corrupt Practices Act , and carrying out its own probe to determine whether some payments made in India breached the law. Project Atlas included components for both internal operations and client-facing services.

Cognizant leads the ranks of companies receiving H-1B visas from the United States. The company has been steadily increasing its U. In January , the company announced plans to expand its U. Joseph Petrecca, the director of the Wage and Hour Division's Northern New Jersey District Office noted that the company took immediate steps to correct the violations, saying the "level of cooperation sets a standard for others in the industry.

In , the company was the subject of a lawsuit by workers for Walt Disney World who said workers from India were brought into the United States on H-1B visas in order to replace them. Presnel of the United States District Court in Orlando dismissed the lawsuits, stating "none of the allegedly false statements put at issue in the complaint are adequate. District Court ruling for a class action lawsuit. The lawsuit claimed that Cognizant did not provide quality assurance analysts the full value of their overtime pay.

In February , an investigative report by The Verge described poor working conditions in Cognizant's Phoenix, Arizona , office. On October 30, , Cognizant announced that it would phase out a portion of its content moderation contracts in From Wikipedia, the free encyclopedia.

American multinational IT company. For the general term, see Cognizance. Traded as. Teaneck, New Jersey , U. Operating income. Net income. The Economic Times. Retrieved 28 August Economic Times. The Wall Street Journal. ISSN Retrieved 2 January Retrieved 4 June Archived from the original on 16 September Retrieved 26 August Business Standard. Retrieved 10 May Business Today. Express Computer. Archived from the original on 30 November Retrieved 27 June James Press, The New York Times.

Rediff, 16 November IST. The Hindu Business Line. Bloomberg TV India. Archived from the original on 30 June Retrieved 17 September Retrieved 15 September The Times of India. Retrieved 29 August Retrieved 2 February Retrieved 8 December Retrieved 30 November Retrieved 3 November Retrieved 10 December News Cognizant Technology Solutions.

Retrieved 17 August Retrieved 20 July Retrieved 25 March Retrieved 12 January Retrieved 11 January Retrieved 5 January Retrieved 22 October September Retrieved 24 September Retrieved 25 August Retrieved 5 May Retrieved 24 March Retrieved 5 February Retrieved 4 February Retrieved 16 October Retrieved 18 June Retrieved 5 March Finextra Research.

Retrieved 23 January Retrieved 11 December Retrieved 4 October Retrieved 18 September Retrieved 2 May Cognizant Technology Solutions : Investors. Archived from the original on 13 March Retrieved 12 March The Drum. Retrieved 26 October Retrieved 22 September Retrieved 13 June Business Line. Retrieved 2 March Business Insider. Retrieved 16 December Archived from the original on 23 January Retrieved 2 December Retrieved 29 November Archived from the original on 11 January GlobeNewswire News Room.

Archived from the original on 15 February Quick Left. The latest contract to be scrutinised is one with Walt Disney, which recently signed a deal with US-based Cognizant Technology Solutions. Cognizant slashed its revenue growth guidance earlier and said it was looking at cutting jobs to reduce costs.

From around 1. Cognizant clarified the number of job losses that were being targeted. Emerging technology poses a big threat to jobs and companies. It can force companies to rationalise workforce and even finish certain jobs. Last month, Mahindra Group Chairman Anand Mahindra had tendered apology over the manner in which an employee of Tech Mahindra was asked to quit. Infosys had announced that it could hand out pink slips to hundreds of mid and senior-level employees as it carries out bi-annual performance review.

The development on Friday is a hard-earned relief for the eight employees fearing the axe amid reports of higher-than-expected non-performer exits from the IT firm. In an email sent to employees from Jim Lennox, CTS's chief people officer, said revisions and promotions will be effective from October 1.

Former employees of IT firms including Cognizant, Tech Mahindra and Wipro in Pune on Thursday filed separate petitions with the Maharashtra Commissioner of Labour against their former employers saying that their services have been terminated illegally. Though reports of companies laying off employees have been surfacing since long, this is the first quarter in which these many companies have reported a dip in employee numbers.

The stark takeaway from ET's Jobs Disruption survey of nearly 11, employees is that the fear of job losses is not overblown but a near-term reality. The programme gives participants a chance to explore other opportunities while making way for the next generation of leaders to step up. The need to secure and sustain a good job is critical. Find out how to ensure a stable career and free yourself from job concerns. Since SMAC is going to revolutionise business models across corporate India, other sectors are also likely to embrace it, creating a large number of new jobs.

Social media is no longer a place for teenagers to post selfies. It can be a powerful tool to make you ready for next career move, to augment job search. In fact the industry continues to be a net hirer with over 1. Infosys is paying over Rs 1 crore to more than 1, employees in its overseas locations and it plans to hire 10, more in the US.

Multiple factors — prospect of a stricter US visa regime and the automation of certain jobs in the sector — have led to the latest retrenchment cycle. For employees ranked JL5 job level 5 and below — typically those with less than eight years of experience — the compensation review will be effective from July.

A bunch from the workforce in Chennai is preparing for conciliation proceedings with the state labour department in what they claim is a fight against retrenchment. Placement heads across colleges said they are keenly tracking developments on layoffs, visa issues, etc, and ensuring students are kept in the loop.

Retrenched employees claim their former employers pressured them to hand in resignations instead of firing them, thereby saving on the expense of severance pay. IBM did not confirm the number of employees who will be affected but said that "re-skilling and rebalancing is an ongoing process as we accelerate the benefits of cloud technologies for clients. Tamil Nadu, home to an estimated four lakh IT professionals, is witnessing increasing job losses typically among middle-level managers.

A few employees of Cognizant recently approached the state Labour Department alleging that the IT company was forcibly taking resignations from employees citing poor performance. Since the situation may get more acute, professionals may be forced to switch industries and look for jobs in emerging sectors such as fintech or ecommerce.

With opportunities shrinking and markets transforming, a fifth of 40 lakh Indian software engineers are likely to lose their jobs by The job cuts are also affecting mid-to-senior employees who are at the centre of the reskilling and restructuring conversations happening across the sector.

To retain margins, IT cos are increasing proportion of fixed cost projects in revenue, tightening costs and recruiting more freshers, less experienced staff. The company did not specify the number of employees that could be asked to leave. Industry sources suggest that the number would run into hundreds. Large IT services firms, according to reports, are in the process of laying off employees on a scale not seen since the downturn.

TK Kurien is poaching star performers from rival firms as he approaches the final stages of a mass cull of middle and senior management staff. Consumption is critically dependent on employment, and the job market news is not bad. But employers, like everyone else, want strong policy signals. As customers seek to lower IT spend, many Satyam employees fear that Tech Mahindra could look at rightsizing the company.

Recruitment agencies and experts tracking IT sector warned that these companies are already going slow on hiring experienced professionals. The IT major, which has most of its facilities in Chennai and Bangalore, is paying employees the full variable pay component this year. Amid reports of mass layoffs by several firms, including in the IT sector, Labour and Employment Minister Bhupender Yadav on Thursday said any retrenchment and layoffs are deemed to be illegal if not carried out as per the provisions of the Industrial Disputes Act.

Nifty 18, Macrotech Developers Ltd. Market Watch. ET NOW. Cognizant Layoffs. Layoffs spread to Dunzo, ShareChat, Rebel Foods, and agritech firms The latest developments are an extension of what has transpired in the so-called new economy over the last six to eight months. Cognizant board bound to notice underperformance, execution challenges: Wedbush Report speculative, Board fully supports strategic direction, management team: Cognizant.

Flipkart takes on Urban Company; drivers ditch Ola, Uber in droves But now the company faces fierce, well-funded competition in the form of Flipkart, which plans to roll out similar services in the coming months. Accenture offers 7-month severance payout to staff Accenture is offering a seven-month severance payout to employees impacted by its latest layoffs.

IT professionals crowd the job street Recruitment firms have received at least a few tens of thousands of queries for entry to senior levels in IT services space. Why is Cognizant cutting 12, jobs? Cognizant to let go of senior hands earning Rs 80 lakh Cognizant may go for job cuts after slashing growth target The Teaneck, New Jersey-headquartered firm has been cutting jobs for the last two years.

Big hikes for Cognizant brass The compensation increases have come at a time when the company said it was laying off as many as senior executives.

CITU condemns mass retrenchment of IT employees "All these IT multinational companies have been earning huge profits and there is no reason to retrench employees.

Middle is where Cognizant's job cuts will hurt the most Cognizant said its headcount growth had outstripped revenue growth in the past two quarters.

Cognizant fires senior executives Last year, Cognizant had offered nearly employees a voluntary retirement scheme but this year's move by the company to cut senior level jobs is involuntary. Cognizant refutes layoff reports Cognizant president Rajeev Mehta has clarified that the company has not done any layoffs.

Cognizant merges two service lines into one new unit, appoints Malcolm Frank incharge The new service line -- Digital Business and Technology -- will be headed by current president and head of digital business, Malcolm Frank. Chennai labour commissioner takes stocks of Cognizant layoffs The Chennai labour commissioner has taken stock of the big layoffs in Cognizant.

Watch: Big layoffs in Indian IT sector Large IT services companies are all in the process of laying off employees on a scale not seen since the downturn. Cognizant layoffs: Telangana labour dept meets management, employees Telangana labour department today held a meeting with Cognizant management and representatives of employees of the US-based IT firm over the reported layoffs. Cognizant layoffs: Telangana labour dept meets management, employees Telangana labour department today held a meeting with Cognizant management and representatives of employees over the reported layoffs.

IT employees get nod to set up trade union in Karnataka The nod to set up India's first dedicated IT employee union is a significant moment, the first big breakthrough for techies grappling with prospects of job loss.

Layoffs in IT companies: Is it time for trade unions to come into play? Cognizant President Rajeev Mehta writes to employees, assuages layoff concerns Reports suggest that over 6, employees in India have lost jobs even as the company has put in place a voluntary separation programme for mid to senior execs.

IBM, the silent job cutter, stokes worker anxiety, speculation Speculation about thousands of job cuts last month has heightened anxiety among employees. IT layoff numbers are exaggerated, says top TCS executive Ravi Viswanathan Defending the industry as a whole, Viswanathan said that early estimates from Nasscom indicate that the IT industry will be net hirers as the year ends. Layoff number exaggerated, IT industry is a net hirer of people: Nasscom There is a gentle deceleration in net new hiring growth rate and the emphasis is shifting from scale to skills, said Nasscom.

Not pessimistic on IT jobs, startups should help: Urjit Patel While there could be pressure on employment in some of the IT sectors, it is not necessarily in terms of literally a job destruction, said Urjit Patel. After Cognizant, other IT biggies like Wipro and Infosys also prepare for layoffs Those taking the hit first are mid- and senior-level professionals. FITE planning group petition with Tamil Nadu labour department on alleged lay-off by Cognizant Tamil Nadu's labour laws provide for aggrieved employees to approach the Conciliation wing of the state labour department to settle disputes with employers.

Techie, and worried about layoffs? These 20 skills can help you stay relevant Jobs replaced by automation do not go for good. Job cuts at Indian outsourcing firms aren't Donald Trump's fault. Read why Global corporations, the paymasters of Indian software vendors, are no longer so keen to ante up for application development and maintenance.

Cognizant seeks 2 weeks time from Telangana govt over employees' 'resignations' The Forum for IT Employees had filed a petition on "layoffs" by the IT giant, alleging that Cognizant was illegally terminating thousands of employees. Cognizant cuts bench time, puts pressure on employees Cognizant has cut the bench time for employees, opening up the possibility of more exits.

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A pump manufacturer and water supply company in Central Europe collaborated with Cognizant to transform its field service experience. The solution created a centralized knowledge management platform and a HoloLens and AI-powered remote training and instructional solution to enable technicians to more effectively diagnose and maintain equipment that resulted in cost reduction of 50 percent in the first year. Cognizant expects the need for data management solutions to continue to grow, as enterprises create more and more data, building demand for data transformation services.

When Microsoft and Cognizant collaborate, the partners have found they can quickly ideate and develop new solutions, accelerating time-to-market. Together, they are adopting new advancements in areas like text analytics to drive greater intelligence from the digitization of documents.

In addition, they are creating industry-specific offerings for verticals such as healthcare and banking, among others. Microsoft has been instrumental in helping Cognizant train or reskill employees as technologies evolve, through early adoption support and access to training as well as internal Microsoft engineering teams and advisory councils.

As the market matures, Cognizant expects to become early adopters of the next wave of emerging technologies. Its close relationship with Microsoft will aid in making this a reality.

Discover all the benefits that Microsoft Azure can bring to your business. SignAll makes learning sign language fun with Azure AI. Skip to Main Content. Sign in. Search Clear Recent. Cognizant Case Study. Businesses need to modernize their analytic capabilities With the advent of advanced analytics and AI, organizations around the world are looking for ways to modernize their operations.

Better outcomes and lower costs for Cognizant customers Cognizant has helped numerous businesses enhance their customer service and reduce annual operating costs by as much as 50 percent. Download story. Making a big investment in Microsoft Azure Analytics and AI Technology partnerships are extremely important to Cognizant, and one of its deepest and most lasting relationships has been with Microsoft over the past 15 years.

Making a difference for every customer Cognizant has delivered transformative Analytics and AI solutions to over clients across multiple industries, including: A large North American convenience store retailer engaged Cognizant to modernize a legacy data estate to gain more visibility and greater understanding over its more than 10, physical store locations, drive greater operational efficiencies, and enhance customer service. Microsoft Azure—innovation for endless possibilities Discover all the benefits that Microsoft Azure can bring to your business.

Get started. Learn more. Join now. Follow Us. Was this page helpful? Yes No. Additional feedback characters remaining. Become a partner. Maximize your partnership. Compare offerings. Grow With Us. Microsoft Action Pack. ISV growth. Cloud Solution Provider program. New commerce and licensing. Commercial marketplace. Solutions Partner designations.

Microsoft Learn. Microsoft Partner Community. Economic Times. The Wall Street Journal. ISSN Retrieved 2 January Retrieved 4 June Archived from the original on 16 September Retrieved 26 August Business Standard. Retrieved 10 May Business Today. Express Computer. Archived from the original on 30 November Retrieved 27 June James Press, The New York Times. Rediff, 16 November IST. The Hindu Business Line. Bloomberg TV India. Archived from the original on 30 June Retrieved 17 September Retrieved 15 September The Times of India.

Retrieved 29 August Retrieved 2 February Retrieved 8 December Retrieved 30 November Retrieved 3 November Retrieved 10 December News Cognizant Technology Solutions. Retrieved 17 August Retrieved 20 July Retrieved 25 March Retrieved 12 January Retrieved 11 January Retrieved 5 January Retrieved 22 October September Retrieved 24 September Retrieved 25 August Retrieved 5 May Retrieved 24 March Retrieved 5 February Retrieved 4 February Retrieved 16 October Retrieved 18 June Retrieved 5 March Finextra Research.

Retrieved 23 January Retrieved 11 December Retrieved 4 October Retrieved 18 September Retrieved 2 May Cognizant Technology Solutions : Investors. Archived from the original on 13 March Retrieved 12 March The Drum. Retrieved 26 October Retrieved 22 September Retrieved 13 June Business Line. Retrieved 2 March Business Insider. Retrieved 16 December Archived from the original on 23 January Retrieved 2 December Retrieved 29 November Archived from the original on 11 January GlobeNewswire News Room.

Archived from the original on 15 February Quick Left. Business Standard India. Retrieved 17 October Archived from the original on 11 June Retrieved 3 October Retrieved 2 October Zee News.

Retrieved 3 December Nelson Hall. Search a Trademark". Retrieved 20 April The Telegraph. Retrieved 4 July The Hindu. Archived from the original on 14 September Retrieved 11 November Hindustan Times. Archived from the original on 1 September Archived from the original on 2 May The Financial Express.

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