Cognizant currently employs 2 lakh people in India. The company’s CEO Brian Humphries said that the company has performed well in the second quarter. According to the company, by the end of the June quarter, it has given employment to more than 3 lakh people worldwide.
Like the rest of the world, the economy in India had to suffer a lot due to the corona virus epidemic. Many people have lost their jobs because of this. In the midst of all this, good news has come from American IT company Cognizant for many youngsters waiting for jobs. It has been told from the company that it is considering to hire about one lakh people in India this year.
The company has made a big profit
It has been said on behalf of Cognizant that it has made a profit of 41.8 percent in the quarter of June. Due to this, his total income has reached 512 million dollars or 3,801 crore rupees. It is expected from the company that this year it is considering to give jobs to about one lakh people. In June 2020, the company had an income of $361 million. Due to this, its revenue also increased by 10.2 to 11.2 percent in the financial year 2021. This is being termed as an extraordinary progress by the company. The company’s revenue grew 14.6 percent to $4.6 billion. A year ago this figure was $ 4 billion.
Ever-increasing client demand
Cognizant currently employs 2 lakh people in India. The company’s CEO Brian Humphries said that the company has performed well in the second quarter. Now the company seeks to further strengthen its foothold by enhancing its capabilities and through targeted investments in a rapidly growing market through partnerships to help the maximum number of customers and build a modern business. According to Brian, he sees a more capable Cognizant moving ahead with a commercially unprecedented moment. The company’s Chief Financial Officer, Jane Sigmund, said that in order to meet the large client demand for services, the company has decided to enhance its recruiting capabilities. He said that the company now wants to invest in people.
Offers will also be available in the year 2022
According to the company, by the end of the June quarter, it has given employment to more than 3 lakh people worldwide. Brian Humphries has said that the company is planning to hire about 100,000 people by the end of 2021. Apart from this, training will also be provided by the company to about 100,000 associates. Cognizant is looking to hire fresh graduates in the year 2021. Apart from this, it plans to offer job offers to 45,000 new graduates in the year 2022.
Required at junior and mid level
The company’s management believes that it needs people at the junior or mid level. Many companies are in need of new people for these positions not only in India but all over the world. Humphries said that the company has announced the policy shift in the last few months. The company is now considering job rotations and re-skilling initiatives, apart from resourcing the quarterly promotion cycle. Since the year 2019, the company has spent more than 2 billion dollars in mergers.
