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Cognizant to Let Go of 350 Senior Hands Earning Rs 80 Lakh-1.2 Crore to Bring down Costs | In the News

By | In The News

Cognizant has decided to let go of nearly 350 people who earn annual salaries ranging from 80 lakh to 1.2 crore, people with knowledge of the move said, as the company seeks to bring down cost and turn its focus more towards digital from traditional technology services.

“This is a move to cut costs and improve margins. We can expect other moves to cut costs and this is likely to follow a model of further reorganisation with some additional headcount reduction,” said Peter Bendor-Samuel, the chief executive at IT advisory and research firm Everest Group.

Read more in Economic Times

Recent Women in IT Stream Events | In the News

By | In The News

The next session was a talk entitled “IT is from Mars, Women from Venus” presented by Sarah Burnett, Executive Vice President and Distinguished Analyst at Everest Group, BCSWomen Chair and founder of AI Accelerator. Sarah began with an introduction of herself and her experience, then discussed the current state of the market, using the research of the BCS (“Inclusive IT – Gender” report 2019) and her work at Everest Group. She then expanded on some of the main issues – skills shortage, poor and costly product design, the perception of women that it’s hard to get a job in IT etc. She then gave a number of suggestions for IT/Tech managers to attract women to work in the sector. These included using less masculine and more neutral wording of job specifications and ads, promoting the flexible working opportunities in the sector and ensuring equal pay.

Read more in Irish Computer Society