IT Major Cognizant announced to hire more than 23,000 science, technology, engineering, and math (STEM) graduates and post-graduates from technical institutions in India in 2020.
Cognizant India Chairman and MD Ramkumar Ramamoorthy speaking at the ‘CII Connect 2019’ event in Chennai said, “The Company plans to hire more than 23,000 STEM graduates and post-graduates from technical institutions in India, which is 30 percent more than the hiring we did last year”
He also said that the company has already made about 15,000 offers in more than 80 engineering institutes across the country.
He added that in the past five calendar years ending 2018, Cognizant has seen net headcount addition of 66,000 to its India workforce.
To recognize the new-age competencies and skills that these students bring in, Cognizant has increased the compensation for these students by 18 percent to Rs 4 lakh per annum at the entry-level, he further added.
This comes at a time when Cognizant which has about two lakh employees in India had recently said it will slash about 7,000 jobs across various locations.