Thread regarding Cognizant Technology Solutions Corp. layoffs

Very true -Given to Good Performers Too

(This is very unfortunate that managers are forced to give forth buckets even though the associates are performing well. The associates performing well this year than last year got the forth buckets. It all depends on the your relation with the manager nothing else. Finally some good performers facing risk because of this.). I wonder if your manager is the god who decides everything for you . What kind of relationship u will hav with your manager if u r in different locations ?as long as u r innocent n listen to them they give good rating !is the bootlicking solution for sucess?!

This kind of approach in deciding talent is scary ..

Both comany n employee should hav an understanding n a good company should consider employees wishes which will increase productivity.senseless hiring n relaying on managers alone to decide about employees performance ?!

Managers n HR won't share jnfo about the accounts n account managers and no power to do anything u can't escalate the issue to anyone in fear of wat may come at u. and by the time they hand over the lists of diff accounts u r laid off..!

There are somany serious politics done subtly only if higher management knows about this.

Or they only see numbers?!

Because ur project manager can make u sit idle n not give u a project or Info or involve n get u laid off ..

Being beware also won't help sometimes because u can't be as political n cunning .After all who can you talk to...when only numbers speak . U can only prove your metal if u r given genuine work.

U hav degree from foreign universities

U r a quick learner

U are very adaptable to any client environment

Automation n digitalization isn't a big deal to catch for someone so qualified and well verse with IT n business administration..

How can u call such smart brains as underperformers?! Did any client they worked for commented badly abou them ? No !!! Then how can u rate them low just because Cts managers think he isn't because they didn't give him any projects only to make sit idle ?!

Introspect ... Learn from mistakes .., change the ways..

Thanks a big time !!!

• Almost 6,000 people or 2.3 per cent at Information Technology major Cognizant Technology Solutions’ workforce is in fear of a layoff, as the company struggles to survive in an IT world that’s fast moving towards the digital space, as Times of India reports.

• The percentage of layoffs is more likely to be over the annual weeding out of the bottom 1 per cent, on the basis of non-performance, determined by the annual appraisal process.

• The company is said to be looking at cutting jobs which have become redundant due to the automation on lower-end IT jobs.

• The company's workforce number stood at around 2,60,000 as on December 2016 with the majority of them in India. The variable payout for 2016 will also be affected as cited by sources.

• "Post appraisals it is normal that the company asks some to leave based on their performance rating. It happens every year. This year it seems this aspect has got media attention and the percentage seems to be inflated," a long-term employee of the company said on the condition anonymity.

• "As part of our workforce management strategy, we conduct regular performance reviews to ensure we have the right employee skillsets necessary to meet client needs and achieve our business goals," a Cognizant spokesperson said.

• This process results in changes, including some employees transitioning out of the company. Any actions as a result of this process are performance-based and generally consistent with those we’ve made in previous years.

• According to him, in any given year, the layoff numbers may bounce a percentage here or there, but this is part of standard practice.

• At the same time, we continue to enhance our capabilities and hire for roles across all our practice areas in the company.

• In 2015, the layoffs were about 1-2 per cent and in 2015, it was around 1 per cent.

• The company faced turbulent times in the previous year with the full-year growth slipping down to 8.6 per cent after several years of strong, double-digit leading growth.

• The IT industry is not booming with jobs as several companies are slimming down on staff. Snapdeal laid off nearly 600 people in February. IT giants like Microsoft, Nokia, IBM also reportedly cut down on staff in 2016, post demonetisation.

https://www.thequint.com/business/2017/03/20/cognizant-jobs-lay-off-india-appraisal-automation-snapdeal