Cognizant Makes Major Changes to Its Staff Count and Existing Salary Structure!
Home > News Shots > Business newsIT major Cognizant has planned to hire more than 20,000 graduates from colleges across India this year. This comes after the company announced laying off 10,000-12,000 employees in September last year.
“With more and more university students becoming digitally ready, we have decided on a 30% increase in our hiring of engineering and science graduates for 2020," CEO Brian Humphries was quoted as saying by Mint.
In about 100 premier engineering colleges Cognizant has offered jobs, the acceptance rate is more than 80%, Humphries said.
Cognizant has also increased the annual salary package for engineering graduates by 18%.
Cognizant is also the second-largest IT sector employer in India with more than 200,000 employees after Tata Consultancy Services (TCS) which has a total headcount of about 440,000 employees.
"India is a high-growth, attractive market for Cognizant. There is a palpable initiative among Indian enterprises to attain and in some cases even define global benchmarks in digital adoption. They are increasingly focusing on the imperative to ‘think fast’ and ‘think forward’ to strengthen their relevance for the future," said Humphries.
OTHER NEWS SHOTS
RELATED NEWS STORIES
- Bribery Allegations: Madras HC Issues Notice to Centre and TN Govt in Cognizant Case
- Infosys Co-founder Narayana Murthy Touches Ratan Tata's Feet!
- IT Major TCS to Hire 39,000 Freshers!
- What Will Happen to Indian IT's H-1B Visa Woes in 2020?
- Cognizant: 7 Things to Know About the Biggest Job Cuts of 2019!
- Cognizant to lay off senior level employees on cost cutting measures!
- Top 3 cities giving high salary in India revealed! South Indian city tops!
- Spending More Than 10 Minutes In Bathroom Can Now Put Employees In Trouble!
- Cognizant increases campus hiring by 30%, starts salary at Rs.4 lakh!
- Cognizant to reduce 5,000-7,000 employees by mid-2020!