What is the reason for high attrition rate in Cognizant?

The IT services industry has been witnessing higher attrition levels over the last few quarters on the back of a demand-supply gap for tech talent, especially digital skillsets, as well as increased prevalence of the gig-economy versus long-term employment,” said Ankit Garg, associate director, Auctus Advisors.

Does cognizant remove employees?

13,000 employees left Cognizant in 90 days; IT firm fired over 2,200 employees: Cognizant Q1 2021 results.

Will Cognizant retain employees?

IT services company Cognizant Technology Solutions said it will roll out higher bonuses to retain employees amid unprecedented war for talent across the tech industry. The company reported industry’s highest attrition rate among its peers at 33\%.

What is the attrition rate in cognizant 2021?

33\%
The move comes as the company reported voluntary annualised attrition at 33\%, although down from 37\% in the previous quarter, it is more than its Indian counterparts TCS with 11.9\%, Infosys with 20.1\%. The company added 17,200 new employees in the July-September quarter taking the total headcount to 3.18 lakh.

Is cognizant facing mass layoffs in India?

Amidst a furore over mass layoffs at its offices in India, Cognizant said it was undertaking normal performance management and refuted the job cut numbers being reported.

What is the attrition rate at Cognizant?

Cognizant has announced that their quarterly annualized attrition rate stood at 24\%, which is the highest among all the IT firms in India and globally. Out of this, 11\% was voluntary, and 13\% was enforced upon, or in layman terms, fired.

How did cognizant’s headcount change in the last quarter?

Overall, Cognizant’s headcount decreased by 10,500 employees in the last quarter. As of June 30, 2020, Cognizant had 281,200 employees, which is 10,500 less than 291,700 which was the employee count last quarter. This is also 2.5\% less than the total employee count of last year, for the same quarter.

How many employees does Cognizant have in 2020?

As of June 30, 2020, Cognizant had 281,200 employees, which is 10,500 less than 291,700 which was the employee count last quarter. This is also 2.5\% less than the total employee count of last year, for the same quarter. Comparing the numbers, the current headcount at Cognizant is at the 2018 level.