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Automation is making thousands of entry-level jobs redundant. Watch: Automation in IT sector may be eating up your job even before you know it. Cognizant also announced that its president Gordon Coburn had resigned and was being replaced by Rajeev Mehta, when it disclosed the bribes. Adaptra was founded in and works with five of the top ten insurers in Australia and New Zealand. The IT outsourcing firm — which has its main development centres in Chennai -- was hired by Conduent as a subcontractor on one of its projects.

Firms are analysing their real estate strategy to look at ways to substantially reduce rental costs. Cognizant is dealing with the challenge of both winning new business in a troubled market and raising its margin.

The implementation will take place in two stages, with the transfer of IT services by November and of business operations by May at the latest. As companies continue the remote-work model and look to improve the security of their networks, demand for cybersecurity roles is on the up despite uncertainty over onboarding employees amid a lockdown to combat the outbreak.

Cybersecurity incidents involving video conferencing app Zoom and at IT services provider Cognizant have also forced companies to improve safeguards. There were six Indian companies among the top 25 employers, and only one, Tata Consultancy Services, among the top ten. The programme gives participants a chance to explore other opportunities while making way for the next generation of leaders to step up.

In a bid to take stock of the situation, Nasscom is conducting a first-of-its-kind survey on the issue, which will cover all IT firms with US operations. The company said, "Cognizant has always been a significant sponsor of Permanent Residence for associates and will continue to be so in the future. Livingston, who joined Cognizant in , grew the consulting practice from 1, consultants to nearly 6, Nifty 18, Macrotech Developers Ltd.

Market Watch. ET NOW. Where the clashing clauses lie in the Cognizant-taxman dispute A CA with a popular consulting firm said: "This is an additional tax slapped on a company that purchases its own shares from its foreign shareholders. IT companies target growth from AWS, Google and Azure units within cloud practice Most large IT service providers including Wipro, HCL Technologies and Tech Mahindra, which have signed on a number of partnerships with cloud partners in the past few quarters, are now doubling down on revenue from specific practices in their cloud units.

Maze Ransomware attack to hit Cognizant revenue When contacted, a company spokesperson did not say whether the breach had been contained. HCL, TCS, Wipro up in engineering services ranking Engineering services has been a bright spot in the overall outsourcing business in recent years. Paid all applicable taxes, I-T dept's position without merit: Cognizant Cognizant said it will "continue to vigorously defend itself and will pursue all available legal remedies".

India Inc's C-suite movement surges as companies cautiously get back to work after lockdown Most companies opted for internal talent for CEO roles amid continuing uncertainty. Cognizant buys Belgian analytics and advisory firm Hedera Consulting The company was founded in and it has offices in Belgium and the Netherlands and clients across Europe, the UK and the Middle East. AirAsia India starts flights on six new domestic routes, expects festive demand to increase "Cognizant of the rise in passenger demand forecasted during the festive season, we continue to strengthen our network across India with these six routes," AirAsia India Chief Commercial Officer Ankur Garg said.

Indian companies to spend 2. There is a pandemic playing out. This time on your computer Hackers are out to exploit vulnerable computers as millions across the world continue to work from home. Demand for analytics, data science professionals surged in August India contributed to 9. Take cognizance of 'very bad' situation of women's safety in UP: Priyanka to Guv The Congress has been alleging that the law and order situation is deteriorating in Uttar Pradesh under the BJP rule, a charge denied by the state dispensation.

Cognizant to upskill 5, staffers The firm had planned to increase hiring in its sales vertical to build a strong team that will target niche deals in digital services.

In a first, Cognizant sees revenue growth despite fall in headcount Indian IT companies such as Infosys, Wipro and TCS have shown contractions in their headcount numbers, but their annual figures will be available only in April.

Cognizant keen to 'pick up' pace of acquisitions While the company has bought a number of small firms, Cognizant said, adding it will not shy away from a large acquisition if it brought in value addition. Indian companies in top 10 H-1B applications list As per the filing, a total of , visa applications were received by the department during the third quarter April-June.

Cognizant to buy US revenue cycle management company Bolder Healthcare Solutions The transaction is expected to close in the second quarter of , subject to regulatory reviews and closing conditions.

Tax dispute won't impact pay hikes and promotions: Cognizant CFO to employees Cognizant has been under the scanner of the tax department since November last year, when it was sent across notices over tax incidences arising from share repurchases. The shift to a work-from-home model may not get more women into workforce: Industry leaders The WFH mode may offer flexibility to women in terms of staying on at their jobs, but that is not the only enabling factor.

Will mid-tier Indian IT companies sink or swim in the era of digital and automation? Cognizant opens second centre in Brazil Cognizant said it would grow its operations in Brazil by recruiting experienced professionals as well as students from local universities and technical schools.

Cognizant to accelerate pace of buys "We are going to accelerate the number of acquisitions we make, but it isn't as though we have set up a number that we have to meet," Malcolm Frank, chief strategy officer of Cognizant, said. Has Cognizant's consulting capability withered amid demands from Elliott Management to lower costs? Cognizant earns more per person as IT sector moves to tech-based digital model Indian IT companies such as Infosys, Wipro and Tata Consultancy Services have shown contractions in their headcount numbers, but their annual figures will be available only in April.

Capgemini to buy LiquidHub for about million euros LiquidHub was up for sale since the middle of last year, and private firm Apax Partners, Cognizant, Accenture and Capgemini were in the running, media reports said.

Cognizant appoints Ramkumar Ramamoorthy as India Executive Director Ramamoorthy, who was previously senior vice president - corporate marketing, corporate affairs and communications, has been with the company for 19 years. Is there a case for buying top IT stocks at current levels? Cognizant to buy TMG Health for undisclosed amount After the acquisition, TMG Health will enter into a new, expanded multi-year service agreement to continue providing information technology.

Cognizant, Accenture call on Vodafone honcho to hawk digital solutions Global CFO Nicholas Read was in Hyderabad just over a week ago, where both IT companies demonstrated their solutions to him, two sources with knowledge of the meeting said. Cognizant to reopen dialogue with 8 employees who claim they were forced to resign 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.

NTT to focus on growing new business in India NTT has created a new Digital Sales Group DSG that will focus on the white spaces — emerging, mid-market, and digital-first customers — to convert these into larger accounts. COVID Companies bargaining for rental discount, serving termination notices Many firms are looking to cut down on their rental costs after implementing work from home policies. Marginal salary increase for Cognizant senior management has been a tough year for the IT services company, and industry as a whole, which is struggling with multiple challenges from the H1B visa issue to automation.

Cognizant pushes back salary hikes, promotions for staff by 3 months In an email sent to employees from Jim Lennox, CTS's chief people officer, said revisions and promotions will be effective from October 1. Cognizant to expand operations in Hong Kong The company said it runs an active graduate recruitment programme in Hong Kong to hire entry-level technical and management talent.

SC takes suo moto cognizance of mishandling of Covid patients, dead bodies in hospitals The Supreme Court has taken suo moto cognizance of proper treatment of Covid patients and dignified handling of dead bodies. 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.

How Europe trumped US for Indian IT companies Under a lot of pressure, US — especially in the banking and financial services industry —growth rates have reduced to low, single digits for top IT companies. 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.

National Human Rights Commission takes cognizance of racial attack on Manipur girl Reportedly, she was eventually saved by some people, and police was called. Some IT companies allow employees to work from home due to rains According to industry sources, some IT companies have "voluntarily" allowed employees to work from home if there was water-logging in the localities where they reside.

Watch: Automation in IT sector may be eating up your job even before you know it In the first six months of the year , Cognizant, Infosys, Wipro and Tech Mahindra have all seen their employee strength actually decline quite sharply. Hikes, hirings and a visa workaround: Three cheers for Infosys amid Covid gloom Plans are also afoot to start massive recruitments in many parts of the world including in India soon, said Infosys CEO Salil Parekh.

Cognizant to buy Australian insurance consultancy Adaptra was founded in and works with five of the top ten insurers in Australia and New Zealand. US-based Conduent sues Cognizant for 'contract breach' The IT outsourcing firm — which has its main development centres in Chennai -- was hired by Conduent as a subcontractor on one of its projects. Office realty set to shrink as work from home becomes reality Firms are analysing their real estate strategy to look at ways to substantially reduce rental costs.

Cognizant draws up plans to strike deals a year Cognizant is dealing with the challenge of both winning new business in a troubled market and raising its margin. Cognizant signs year deal with European bank Dexia; to rebadge employees The implementation will take place in two stages, with the transfer of IT services by November and of business operations by May at the latest. ET spoke to a cross-section of people across technology companies to understand what they expect from the coming year.

In Rajasthan, tourists often face problems due to touts, illegal vendors and undesirable elements. According to the new section, the offence will be cognizable and bailable. At the same time, if the offence in sub-section 3 of section 13 is repeated, it will be non-bailable in sub-section 4 of section Cognizant used L-1 and B-1 visas, instead of the more expensive H-1B work visa to bring foreign workers to the US, former assistant vice president Jean-Claude Franchitti has alleged in the lawsuit.

Cognizant is looking to offer jobs about , experienced professionals in and train close to , associates, in order to offset the impact of elevated attrition rate. In a major reshuffle, Cognizant also replaced the head of global delivery Pradeep Shilige and brought in former Accenture executive Andy Stafford as the new head of delivery. Accenture is offering a seven-month severance payout to employees impacted by its latest layoffs. Debi Mishra filed the original complaint on August 25, About a year later, the parties participated in a full day of private mediation before a retired judge but did not reach a resolution.

The latest settlement agreement by the US court requires Cognizant to pay about half of what was estimated as damages by the plaintiffs. Suresh Bethavandu will be responsible for all key dimensions of the talent lifecycle spanning recruitment, performance management, compensation, operations, learning and development, among others. Since Humphries took over as CEO in April last, Cognizant has seen over two dozen senior executives quit, including its India chairman and managing director Ramkumar Ramamoorthy and head of global delivery Pradeep Shilige, sparking criticism among employees.

He has also cut costs by reducing the workforce by as much as 12, people. These cards were issued to its employees. Cognizant has roped in the FBI to investigate who carried out the attack. Since Humphries took over last April, the company has begun a process of cutting thousands of jobs and has removed or let go a significant number of senior level talent as it begins to flatten its hierarchy.

The transaction is expected to close in the second quarter of Technology companies impacted by the Covid pandemic over the last few months have chosen to save costs by freezing hiring and laying off employees, posing a challenge to fresh graduates seeking jobs. From Cognizant's hiring plan to Tata's big acquisition and Facebook's revenue growth, here's a quick look at the top tech news today.

Due to the slowdown in demand and fewer contracts, the company is shedding the number of employees without active projects. To achieve this, we need a combination of long-time Cognizant veterans as well as newcomers with fresh perspectives, new energy," he said. Cognizant is hiring to expand in Europe as it looks to diversify revenue streams.

The drop in North America headcount at the US-headquartered company comes at a time when Indian IT firms are increasingly hiring in that market to deal with visa restrictions. The Teaneck, New Jersey-headquartered company said the additional payout for employees in India and the Philippines will be up to the Associate designation level. The company said the payout would be made in the April salary, and would be reviewed each month as the situation required.

The firm will be focusing on service lines such as customer success, data and intelligence, Cloud and Enterprise IT, where businesses are investing as they look to either survive or rebuild amid the Covid pandemic. The company had then said it would exit this business, and would try to find new homes for the employees involved. Wipro has gone past Cognizant in market capitalisation and is now the fourth-most valuable IT services firm globally after Accenture, TCS and Infosys, signalling renewed investor confidence in the Bengaluru-based company nearly a year after its new chief executive officer Thierry.

Accenture has narrowed its full-year revenue growth expectations, as Covid continues to impact its clients' spending. Accenture has further slashed the higher end of the growth guidance. Cognizant's attrition is higher than the industry average. For the quarter ended June, TCS's attrition rate stood at 8. Special Judge M K Nagpal reserved order after both the agencies filed their replies sought by the court regarding certain queries in the corruption and money laundering cases probed by the Central Bureau of Investigation and the Enforcement Directorate respectively.

At the heart of this all is the race for cloud revenues. And the top contenders have just tasted blood. Nifty 18, Macrotech Developers Ltd. Market Watch. ET NOW. 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, Garuda Aerospace to make advanced drones Cognizant and Garuda Aerospace will collectively bring a slew of drone-based management and monitoring offerings for businesses across sectors.

Software exporters battle onsite strength reduction as attrition, visa issues tighten grip Onsite attrition has become a trend across the board in the information technology IT sector, data from staffing firm TeamLease show. Cognizant acquires two verticals of Workday partner OneSource Cognizant will add employees of OneSource through the deal, bolstering its strength of certified professionals who can do Workday implementation and support.

Infosys likely to reclaim No. IT talent shortage, e-hiring lead to surge in fake CVs Candidates shown the door after companies detect fraudulent documents in background checks. Morbi bridge collapse: Gujarat HC takes suo motu cognizance, issues notice; next hearing on Nov 14 Gujarat High Court takes suo motu cognisance of Morbi bridge collapse tragedy, issues notice to state government officials including Home department.

Cognizant board bound to notice underperformance, execution challenges: Wedbush Report speculative, Board fully supports strategic direction, management team: Cognizant.

IT firms bank on campus hiring to reduce high staff costs Upbeat hiring plans, more so among some mid-sized players, come at a time when the sector is beset with high staff costs. Cognizant net profit jumps Cognizant aims to maintain financial services growth rate amid digital pivot Company pares revenue guidance, CEO says 'no significant slowdown' in IT services demand. Contours of hybrid work model by early Cognizant India chief Rajesh Nambiar The events of the past few years have actually prompted people, not only in India but also worldwide, to question their life and choices including how and where they work.

Ex-SC, HC judges, senior lawyers write to CJI for suo motu action on bulldozing of houses in UP Former judges and senior advocates have written to Chief Justice of India N V Ramana urging him to take suo motu cognizance of alleged incidents of illegal detention, bulldozing of residences, and police action on protestors agitating against certain objectionable remarks made by BJP spokespersons.

TCS, Accenture, Cognizant lead Indian firms amid digital boom To put together the annual 'Top Companies in India' list, LinkedIn looked at platform data across seven pillars: ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, and educational background.

LinkedIn's list of top 10 companies in India to work. Edtech firms offer job guarantees amid war for tech talent Graduates of these courses — typically freshers or those in their early careers — have been placed across companies including Cognizant, Accenture, Infosys, Wells Fargo, Tiger Analytics, Capgemini, Goldman Sachs and Genpact, said Simplilearn and Imarticus.

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IT talent shortage, e-hiring lead to surge in fake CVs Candidates shown the door after companies detect fraudulent documents in background checks. Morbi bridge collapse: Gujarat HC takes suo motu cognizance, issues notice; next hearing on Nov Infosys likely to reclaim No. While Infosys grew at Cognizant acquires two verticals of Workday partner OneSource Cognizant will add employees of OneSource through the deal, bolstering its strength of certified professionals who can do Workday implementation and support.

Stay with us to know more. IT firms bank on campus hiring to reduce high staff costs Upbeat hiring plans, more so among some mid-sized players, come at a time when the sector is beset with high staff costs. Infosys and Wipro either reduced or held back variable pay for certain sections of employees, while Tata Consultancy Services TCS , the biggest locally by market capitalization, altered its pay hike structure.

Cognizant board bound to notice underperformance, execution challenges: Wedbush Report speculative, Board fully supports strategic direction, management team: Cognizant.

Cognizant aims to maintain financial services growth rate amid digital pivot Company pares revenue guidance, CEO says 'no significant slowdown' in IT services demand. Cognizant net profit jumps Read Today's Paper. Bharani Vaitheesvaran. Dia Rekhi. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. The leadership changes announced on Thursday also mark the return of Indian-origin top-deckers, including year veteran Surya Gummadi, at the helm of the company.

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Tuesday, 17 Jan, Read Complete Print Edition ». India to Lead A-Pac in Average Pay Hike Employees in India are expected to get the highest average salary increments in the Asia-Pacific region this year, according to a survey, as companies face a shortage of talent and the local economy remains more insulated than others from global shocks.

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