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Hello fishes, need some guidance on the following questions - How is cognizant doing currently? Is it safe to join cognizant? How about the attrition rate, any improvement? How about job security? Do they layoff? Looking for some serious suggestions. I have a loan on me, and my package is low. And IBM doesn't give any hike. So was looking to switch. But afraid after hearing about current situation of cognizant. I am thinking several times before coming to a conclusion. 🙂 @Cognizant
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No. It was not anything you did. Layoffs are a crapshow and companies are doing them to “look cool” to the street and their peers and be able to report operational efficiencies to the street during earnings. The work remains and gets spread to others. The employees that remain are scared to get laid off and take on the extra work. Then nothing gets done well. Things just get done as best they can. Innovation stops. Risk taking stops. Experimentation stops. In your case you were impacted by a business decision and potentially cheaper labor elsewhere in the world.
This isn't a bug, it's a feature of corporate America