Cognizant clarifies fresher salary issue, says 'grossly misrepresented'

Quick Summary:

This year, we are one of the few IT companies in India that have delivered increments and bonuses for employees.

Cognizant Q2 net rises 22% to $566 mn, revises FY24 guidance to $19.

The IT firm faced significant online backlash over the internet for its low fresher salary offering, with many comparing it to 2002 levels.

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Article Details

Category: BusinessFinance

Markets: India

Topics: IT sector Cognizant IT Industry Salary hike

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-18 @ 16:47:23 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22123186

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