"NEW RECRUITS TO WAIT FOR SOME MORE TIME," SAYS IT MAJOR COGNIZANT! DETAILS

IT services provider Cognizant Technology Solutions (CTS) has deferred joining dates of students who had secured campus placements to the latter half of the year. The company has said it will honour all outstanding accepted offers.

“We remain committed to growth and plan to honour the more than 20,000 campus offers we have made. The timing of our trainees’ start date in India will be deferred to Q3 (July-September). This will continue to be dependent on lockdowns and school schedules across India," Brian Humphries, chief executive officer, Cognizant, was quoted as saying by Mint.

The company is also planning to freeze most of its lateral hirings except in sales roles.

Mr Humphries further said that the size and timing of any changes to Cognizant's workforce will unfold as the demand environment becomes clearer.

Cognizant reported a 3.5 per cent rise in revenue in constant currency in the first quarter of the calendar year 2020. Last year, Cogizant became the second IT company, only after Tata Consultancy Services (TCS), to touch the 2-lakh employee mark in India.