Quick Summary
- Cognizant will raise salaries for approximately 80% of eligible employees from november 1, 2025.
- Salary hikes are merit-based and will apply primarily to roles up to the Senior Associate level.
- In India, top-performing employees will receive high single-digit salary increases.
- The declaration aligns with cognizant’s strong Q2 financial results:
– $5.25 billion in revenue (8.1% YoY growth).
– Record bookings of $27.8 billion over the trailing twelve months.
- Cognizant added around 7,500 employees in Q2, raising its global workforce above 300,000.
- Plans are underway to hire between 15,000 and 20,000 fresh graduates in India next year (2025).
- The company invested $1 billion earlier this year to enhance artificial Intelligence capabilities via talent development and AI Labs.
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