Left Menu
Development News Edition

Cognizant to hire over 23,000 students in 2020

PTI | New Delhi | Updated: 07-11-2019 21:14 IST | Created: 07-11-2019 21:14 IST
Cognizant to hire over 23,000 students in 2020

IT firm Cognizant on Thursday said it plans to hire more than 23,000 STEM graduates and post-graduates from technical institutions in India in 2020. This comes at a time when the US-based company -- which has about two lakh employees in India -- had recently said it will slash about 7,000 jobs across various locations.

"To further support the needs of our fast-growing digital business, in calendar 2020, Cognizant plans to hire more than 23,000 STEM graduates and post-graduates from technical institutions in India, which is 30 per cent more than the hiring we did last year," Cognizant India Chairman and MD Ramkumar Ramamoorthy said at 'CII Connect 2019' event in Chennai. He added that the company has already made about 15,000 offers in more than 80 engineering institutes across the country.

"Cognizant is one of the biggest beneficiaries of STEM (science, technology, engineering and math) talent from India and with digital permeating every function in every industry, the need for talent with digital competencies is only increasing," Ramamoorthy said. He added that in the past five calendar years ending 2018, Cognizant has seen net headcount addition of 66,000 to its India workforce.

"To recognize the new-age competencies and skills that these students bring in, Cognizant has increased the compensation for these students by 18 per cent to Rs 4 lakh per annum at the entry level," he added. Last week, Cognizant had said it will remove about 10,000-12,000 mid-to-senior level associates worldwide from their current roles in coming quarters. This is expected to lead to a net reduction of approximately 5,000 to 7,000 roles (about 2 per cent of its total headcount) and re-skilling and redeployment of about 5,000 of the total associates impacted.

Besides, it had announced that it will also exit the content operation business -- a move that would impact an additional 6,000 roles. Cognizant's total headcount stood at 2,89,900 at the end of September 2019 quarter.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION / BLOG / INTERVIEW

Ayurveda for COVID 19: Professionals owe the responsibility to protect it from quacks and fake news

Indian Ayurveda professionals are lagging behind their foreign counterparts in handling quacks and protecting credentials of the Ayurveda at the time of COVID 19 pandemic. The professionals of Ayurveda cannot abjure the responsibility to co...

Education post-coronavirus: Schools to rush for more digitalization

Digital education would undoubtedly boom in the post-coronavirus world, supported by educational institutions that have discovered its efficiency during the crisis, but it is still not expected to outshine traditional classroom learning....

Public health care post-COVID 19 to go for revamping, not rebooting

Until now, the economies used to classify healthcare sector under social expenditure. However, the devastation caused by COVID 19 pandemic has upgraded public healthcare on topmost priority and core economic activity for controlling future ...

Coronavirus lockdowns to speed up long-pending revamping of supply chains

With millions of production lines impacted, business disruptions to some extent are unavoidable and the lessons learned from this turbulence will leave an everlasting impact on both global and local levels of supply chains....

Videos

Latest News

US STOCKS-S&P 500 set for worst first quarter since 1938

Wall Street was set to open lower on Tuesday, with the SP 500 headed for its worst first quarter since 1938 as evidence growing of the scale of the damage caused by the collapse in oil prices and business activity due to the coronavirus. Te...

Soccer-Slovak club Zilina face liquidation over financial woes

Seven-time Slovak champions Zilina face liquidation due to the financial troubles caused by the domestic seasons suspension after the coronavirus outbreak, the club said. Zilina, one of the most popular clubs in Slovakia, have already termi...

Not the time to find faults but to take action: Health Min official on Nizamuddin congregation

Amid apprehensions of substantial spread of COVID-19 after a religions congregation in Nizamuddin in the national capital left many infected with the virus, the Health Ministry on Tuesday said it was not the time to find faults but to take ...

Health News Roundup: China reports 48 new confirmed coronavirus cases; Tokyo records most new coronavirus cases and more

Following is a summary of current health news briefs.Mainland China reports 48 new confirmed coronavirus casesMainland China reported on Tuesday a rise in new confirmed coronavirus cases, reversing four days of declines, due to an uptick in...

Give Feedback