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IT companies should think twice before scaling down their employee base as rebuilding capacity can be difficult. Cognizant has revised its full-year guidance downward, citing headwinds from currency, lower North America billable headcount and softer-than-expected bookings growth. In an interview with Moneycontrol, leading IT analyst Moshe Katri drew parallels between Cognizant and its Indian rivals such as Infosys and Wipro, where founders tweaked leadership till they found the right candidate for the top job.

Sharing his reasons for choosing Microsoft, Rakheja said that he heard the work culture there is amazing and the work they do is impactful. Cognizant has done a creditable job on profit margins but has also warned about potential slowdown in project awards.

D'Souza, the former CEO of Nasdaq-listed Cognizant said the tech services boom is here to stay and that the winners of the future are going to be the ones that can build amazing cultures and not necessarily the ones who can create demand.

This comes at a time when the company's involuntary attrition rate was 33 percent for the September quarter, one of the highest in the industry. Bethavandu will be responsible for all key dimensions of the talent lifecycle including recruitment, performance management, and compensation.

Cognizant Technology Solutions today submitted in the Madras High Court that the tax demand made by the Income Tax department was not justified and without jurisdiction. A Cognizant spokesman confirmed the report and said in a statement that a court has instructed the tax department not to take further action pending further hearings.

Cognizant Technology Solutions Corp. Cognizant Technology Solutions fourth-quarter profit and revenue beat analysts' estimates and the IT services firm gave an upbeat forecast. Tech services companies, including Cognizant Technology Solutions, have been cutting positions in India.

Some workers have blamed Trump for prompting the job losses and exacerbating problems in the industry. Swapana Bhosale was stunned when she found out earlier this month she was losing her job at tech services provider Cognizant Technology Solutions in India. Layoffs in the business are rare, particularly if employees are in the middle of client assignments like she was. Accenture has invested heavily in its fast-growing businesses, such as digital and cloud services, amid stiff competition from Cognizant Technology Solutions Corp and IBM Corp.

Elliott has led several successful campaigns to squeeze value out of companies it considers to be undervalued.

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