Cognizant plans to recruit 45,000 freshers from India by 2022
Cognizant is planning to recruit 1 lakh employees this year. 45,000 freshers will be hired from India by 2022.
The US-based information technology (IT) giant, Cognizant is planning to hire around one lakh people this year. The company expects to welcome in an additional 30,000 new graduates this year. By the year 2022, 45,000 fresh graduates in India will be hired by the company.
Cognizant CEO Brian Humphries stated, “Against this backdrop, we continue to take a series of actions to reduce attrition, including compensation adjustments, job rotations, reskilling and promotions and a host of associated engagement activities…we now expect to hire approximately 100,000 laterals in 2021 and to train close to 100,000 associates.”
“It’s really one of the hottest markets we’ve seen or our team has seen over the last 10-plus years. So, we’re all dealing with it… annual merit-based increases have been announced here in the last few weeks, they’re effective October 1. That’s on top of a whole host of ad hoc measures we played through in the course of the last year: out-of-cycle increases, promotion, retention dollars,” said Humphries in a press release.
As per the reports of Business Line, Cognizant raised its revenue by 15 per cent at $4.6 billion in the second quarter ended on June 30, 2021. This increases the company's revenue of 10.5 per cent to 11.5 per cent for the June 2021 quarter, the release mentioned. Along the same lines, the IT company reported a 41.8 per cent increase in the June quarter net income at $125 million.
Humphries added, “We delivered a strong second quarter. Through targeted investments, we’ve been shifting our portfolio to faster-growing market segments while extending our capabilities and partnerships to help clients build modern businesses. I see a stronger, more competitive Cognizant emerging, with growing commercial momentum."
Cognizant Chief Financial Officer, Jan Siegmund stated, “Second quarter topline results exceeded our guidance, driven by improved demand for our services and momentum in our digital revenue, and we increased our full-year 2021 revenue growth to 10.2-11.2 per cent."
