Saturday, September 27, 2025
spot_img

Cognizant starts upskilling 5,000 employees

spot_img
- Advertisement -

IT Major Cognizant starts to identify executives from its mid and top tiers for re-skilling and re-training, following plans to optimize the workforce to reduce costs and improve margins.

Karen McLoughlin, Chief Financial Officer said, “The Company is in the process of selecting mid- and senior-level resources among the planned 5,000 employees who will be reskilled.”

We are looking now to try and identify who are the first wave of folks that we will put through those re-skilling programs and then put them back into the market. All of this is targeted, and I would call sort of the more mid- to senior levels of the organization. So, we are really trying to address our pyramid, she added

Our company earlier this year embarked on a large-scale cost reduction program – with up to 12,000 job cuts, reorganization of its pyramid, reskilling and exiting some lines of business – that it said would help achieve between $500 million and $550 million in savings. It expects to achieve $400 million of these savings by next year, she further said.

Cognizant is planning to increase hiring in its sales vertical to build a 500-strong team that will target niche deals in digital services.

McLoughlin also said 60 of the planned 500 new executives had been on-boarded and hiring would continue into the next two quarters. The new employees would take between 9 and 12 months to turn into revenue-generating executives, she added. Depending on future performance and needs, the company would also determine if 300-500 more sales executives would be required.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Top Five Diversity and Inclusion Trends in 2019

Travelling is a key enabler to the work that...

Bribes-for-jobs scam at TCS of nearly Rs 100 crore

In this recent event, An Indian multinational information technology...

Nipuna Karnataka: Bridging the Education and Employment Gap

Karnataka Information Technology Minister, Priyank Kharge, announced that 100...

Antmyerp announced 3-days Menstrual Leave for Women from July 1

Industry-Specific Field Service Management Software company, AntMyErp has announced today 3-days...

Pradhan takes charge as Minister of Skill Development, Entrepreneurship

Dharmendra Pradhan assumed charge of the Ministry of Skill Development and Entrepreneurship as...

Flipkart Off-campus: hiring for hundreds of jobs in India; Apply Now!

An Indian e-commerce company, Flipkart is conducting an off-campus hiring drive...

Google is hiring in India, freshers, and remote job aspirants can also apply

Search giant Google is hiring for various roles in...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/