1.2 lakh Cognizant employees resigned, CEO under siege

[Picheshwar]

1.2 lakh Cognizant employees resigned, CEO under siege

Cognizant Technology Solutions Corp. has announced a historic high Attrition of 36 percent in the second quarter, ending on June 30, 2022.

 

Information technology services and consulting company, Cognizant Technology Solutions Corp. has announced historic high attrition of 36 percent (combining Voluntary & Involuntary Attrition) in the second quarter, ending on June 30, 2022.

Currently, the company’s headcount stands at 341,000 employees globally. Almost 1.2 Lakh employees resigned from the company in the last 1 year.

Quarter	Total Headcount	Attrition	Employees Left
Q2FY22	3,41,000	36%	30,690
Q1FY22	3,40,400	31%	26,381
Q4FY21	3,30,600	35%	28,927
Q3FY21	3,18,400	37%	29,452

Total Employees left in the last one year- 1,15,450 close to 1.2 Lakh.

Attrition Includes – Total Quarterly Voluntarily and Involuntarily Attrition.

Commenting on the attrition and number of employees left in the last one year the company told to SightsIn Plus, “Cognizant’s employment is at the highest in its history – 341,000 employees strong. Year-on-year, the company has nearly 40,000 more employees than at this time last year, and continues to grow  larger each quarter, as Cognizant has become a talent magnet across the IT industry.”

 

https://sightsinplus.com/news/industry-news/1-2-lakh-cognizant-employees-resigned-ceo-under-siege/

[hyperbole]

Not just cognizant every consulting firm is having issues, some peope are getting 200% hikes 

[NotSoBusy]

7 hours ago, hyperbole said:

Not just cognizant every consulting firm is having issues, some peope are getting 200% hikes 

not anymore , most of these people were let go ( Involuntary resigniations ) , after covid motham market lo unnollu andarni 2-3x hikes ichi  techukunna and now  they're in cost cutting mode and letting go off the dead weight.

antlo 2-3 jobs wfh chesetollu antha resigning for the jobs which are asking them to strictly WFO ( these are most likely a major part of the voluntary resignations )