It's all OK when it comes to executive bonuses, but at the same time there are many rumors about layoffs in Teaneck.
7 replies (most recent on top)
Rating absolutely don't depend on performance here.People sitting,playing games are able to get here first bucket if you have strong bonding with the higher authority.It's true that some deserving people are forcefully getting 4th bucket.
Yes, it is absolutely true. I'm a current employee of CTS - joined six months ago, at a Senior Level.
Now, I get a 4th bucket rating and being asked to leave in a month or so (i.e. resign and get lost) and the reason is "NO PROJECTS" that's the bottom line, I pity CTS for its un-ethical move.
Internal roumour machine is high...Seems like layoffs will definitely happen. Everyone is talking about it but not manager. Hope that cut is not too deep.....Bad luck indeed and bad times for a good company
Hole in the appraisal system when employee moves from one Lob to another within the company forced to 4th bucket.poor Management
Cognizant is laying off people purposely giving them fourth bucket in spite of working really good and make employees sit in bench without assigning any projects. It happened to one of my very own colleague who has even got client appreciation to his credit. As mentioned above, Managers are forced to give low ratings to their reportees even of they perform well. Cognizant follows TCS way and I personally feel that it is the beginning of end of Cognizant. Few local state governments have given approval for IT employee organization in lieu with securing the interests of employees working in IT companies. It is happening at many levels. Even a Senior Manager has been sacked.
Who gave you this info? Is it true?
News are coming internally from collegues, cognizant is going to layoff mass number of employees in 2017.