Cognizant - Net employee addition lowest in last two years

T. E. Raja Simhan | | Updated on: Mar 12, 2018

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Cognizant’s net employee addition during the second quarter of 2013 was the lowest in the last two years reflecting the market sentiments.

Cognizant’s top three Indian competitors – Tata Consultancy Services, Infosys and Wipro – too had a similar trend.

Cognizant’s net employee hiring was 1,600 in the second quarter. The previous lowest in the last two years was 2,800 in the first quarter of 2012. Over 90 per cent of Cognizant’s 1.64 lakh employees are working in India.

“We hired heavily in the past few quarters in preparation to meet the growing demand. Our plan was clearly to take up utilisation, which is what we did during the quarter. We shall continue to hire to meet the continued healthy demand as manifest in the company taking up the full year revenue growth guidance to at least 19 per cent from at least 17 per cent last quarter,” said a company spokesperson.

Published on August 06, 2013
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