1000+ Startup, SME's & Enterprises
May 8, 2019

Cognizant’s Mid-level Employees Might Lose Their Jobs

Consult Our Experts

It seems like Cognizant’s Mid-level Employees Might Lose Their JobsCognizant’s Mid-level Employees Might Lose Their JobsCognizant’s Mid-level Employees Might Lose Their JobsCognizant’s Mid-level Employees Might Lose Their JobsCognizant’s Mid-level Employees Might Lose Their JobsCognizant’s Mid-level Employees Might Lose Their JobsCognizant’s Mid-level Employees Might Lose Their JobsCognizant’s Mid-level Employees Might Lose Their JobsCognizant’s Mid-level Employees Might Lose Their JobsCognizant’s Mid-level Employees Might Lose Their Jobsr. Compared to the previously expected growth forecast of 7 to 9 percent for 2019, the company now expects itself to grow by 3.9 to 4.9 Percent only.

It recently said that its headcount growth has surpassed the revenue growth for the previous two quarters; this makes it clear that the company is considering job cuts on a mid-level employee with rich experience.

Moreover, the company said, “As part of our realignment program, management is currently evaluating various strategies, including additional employee separation programs. The timing, nature, and magnitude of these initiatives are not finalized at this time. “

In fact, the company has been cutting jobs continuously for the last two years. Last August the company said, it was cutting 200 senior jobs to make way for juniors to grow. For this, the company had a voluntary separation plan as well.

The departure of the Gajen Kandiah, the president of Digital Business makes it clear that the company has to weather the storm in order to get back on track of growth. For this, the company has appointed Malcolm Frank as a replacement to Kandiah.

Read More: Facebook Bans ‘Dangerous Individuals’ Cited For Hate Speech

CEO, Brian Humphries Has a Tough Task to Accomplish

Many analysts believe that reviving the company from this phase will be a tough task to accomplish. The slow growth of the company and the rising problems it is facing every now and then is a result of its investor Elliott Management.

The investor has a 4 percent stake in the company and as per reports, it has asked Cognizant to cut costs to raise its margin, return capital to shareholders and shake up its board. The company bends over and accepted all the demands of its investor.

In 2017, the company committed $3.4 Billion in share repurchases and dividend. The company’s focus has been on embracing automation, rationalizing staff, and shifting focus towards gaining more revenue via its digital business.

Karen McLoughlin, the Chief Financial Officer has shared it to the management that he intends to bring the cost structure closer with the newly revised revenue expectations. This is why the company intends to relieve most of the employees from mid-senior levels and handing their jobs to budding senior employees.

In doing this, the company has to make sure it does not fire the employees rather make a plan so that employees have great choices for their future. Relieving an employee all of a sudden cannot be considered a right move as the company is still making a great profit. Only the time will tell if it manages to satisfy all the parties, i.e. the investor, shareholders, and employees.

Fluper as a top mobile app development company is committed to bringing you the latest from the tech world!!

Cognizant’s Mid level Employees Might lose Their Jobs

Cognizant’s Mid level Employees Might lose Their Jobs

Hire Our Development Experts.

    About Author


    Akansha Pandey, Director of Sales at Fluper, is a leader in technology sales with a decade of experience. Known for her strategic approach, she excels in driving business growth and forging strong client relationships. Akansha's expertise lies in consultative selling, team leadership, and exceeding revenue targets. Passionate about mentoring, she enjoys sharing insights with aspiring sales professionals.

    Akansha Pandey

    What Makes Fluper Different?

    Fluper is not an idea but an initiative to bring transformation aided by technology
    Learning with a team of seasoned experts and agile thinkers is a real-life experience.

    15+ Million

    Users Engagement

    Guaranteed

    Project Delivery

    Free

    Business Analysis

    Project

    Penalty Enforcement

    IBM

    Certified Partners

    1000+

    Projects Delivered

    16+ Years of

    Of IT Exposure

    Support

    24*7 Availability
    Our Blogs
         

    Transform Your Business With Insights on Digitalization, Automation, Technology Integration and ICT Trends.

    May, 20.2024

    App Development:

    Android apps that are dangerous for
    you, check now how to be safe!

    Read More

    Client's Testimonial

    We’ve been lucky to collaborate and deliver transformation
    with a long list of overseas clients.

    Their Statements are Proud
    Testaments to our Dedication

    Fluper is the best ICT Company that navigates the digital frontier with unmatched solutions pursuit for excellence. Undoubtedly, there is an intense contribution of agile thinkers and growth facilitators behind the screens of our developing excellence.

    • 4.5/5.0
    • 4.8/5.0
    • 4.9/5.0
    • 4.6/5.0
    • 4.8/5.0
    • 4.9/5.0

    1000+ Startups, SMEs & Enterprises

    Launch your Million Dollar Business Idea Into a Successful Growth Story.
    • Free Marketing

    • 2.5 Year Post Launch Assistance

    • Money Back Guarantee

    • Real-Time tracking & Support

    Schedule Call

    Our Global Presence

    500+

    Startups

    300+

    SMEs

    200+

    Enterprises

    We Built

    1000+

    Brands Globally

    30+

    Countries Served

    Office Address

    C- 142, Sector 63 Rd, C Block, Sector 63, Noida, Uttar Pradesh 201301

    Call Fluper

    IND: +91-959-955-1432

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +91-9599551432

    Office Address

    104 Yes Business Tower, Al Barsha 1 Dubai

    Call Fluper

    UAE: +971-54-700-4175

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +971-54-700-4175

    Office Address

    Building 1913 2nd Floor, Manama, Bahrain

    Call Fluper

    Bahrain: +973-3222-0548

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +973-3222-0548

    Office Address

    Level 23, Collins Square Tower Five, 727 Collins Street Postcode VIC 3008 Melbourne Oceania Australia

    Call Fluper

    Australia: +61-29-1919-752

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +61-29-1919-752

    Office Address

    120 High Road, East Finchley London, N29ED, Uk

    Call Fluper

    UK: +44-208-089-4432

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +44-208-089-4432

    Office Address

    Laneoffice Suite Sarasota florida US.

    Call Fluper

    USA: +1-917-732-2131

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +1-917-732-2131

    Let's Talk!

      Image