India CMD Ramkumar Ramamoorthy clarified Cognizant would continue hiring, and that the earlier job-cut announcement was but a small one, considering the company had around 290,000 employees globally
Nasdaq-listed information technology (IT) services company Cognizant is planning to hire around 23,000 employees from technology institutions in India during calendar year 2020, in addition to its campus hiring for business-process outsourcing (BPO) operations, according to Ramkumar Ramamoorthy, chairman and managing director of Cognizant India. He clarified that the company would continue hiring, and that the earlier job-cut announcement was but a small portion of the larger plan, considering Cognizant had around 290,000 employees globally.
Ramamoorthy’s latest statement comes days after Cognizant said it was planning to remove around 7,000 mid- and senior-level jobs and shut down its content moderation business, which accounts for another 6,000 jobs, as part of its ‘2020 Fit for Growth Plan’. He was speaking at the 18th edition of CII Connect 2019, an international conference and exhibition on information and communication technology,
The theme of the event, taking place at the Chennai Trade Centre, is ‘Technology at the Heart of India’s $5-Trillion Economy. Ramamoorthy said the country had two strengths — technology and talent in science, technology, engineering and math (STEM). Contrary to the view that there was lack of readily deployable talent, there was talent available in abundance, he said.
“We are probably one of the biggest beneficiaries of the technology talent. In terms of hiring statistics, in five years from 2014 to 2018, Cognizant saw a net headcount addition of 66,000 in India. If I include the first nine months of this year, we added about 75,000 people to the net headcount in India (a net addition of around 9,000 people in nine months). The quality of talent is only improving day by day,” he said….
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