Cognizant increases campus hiring by 30%, starts salary at Rs.4 lakh!

In a recent chat with the Times of India, CMD of India operations, Ramkumar Ramamoorthy spoke about the initiatives announced.

Due to the economic slowdown, the IT industry took a big hit and the industry saw lay offs being made to stabilize the pyramid structure.

Midlevel employees were laid off or reskilled and restructuring was done. However, to compensate the workforce and to add talents, freshers were also hired.

Ramamoorthy said that with more students becoming digitally ready, Cognizant has announced a 30% increase in their hiring of engineering and science students for 2020. They have also increased the starting salary to Rs.4 lakh, which is 18% higher than earlier.