Perhaps the most worrying trend is that emerging market jobs are most at risk of automation because of the low-/mid-skilled nature of sectors like manufacturing, highlighting the risk of premature de-industrialisation
Over 6 lakh people in the country would be covered by Cognizant, including its 2 lakh full-time employees as well as their dependents. About 50,000 support staff and their families would also be covered
The IT services major also aims to move towards a quarterly promotion cycle for billable employees working at the senior associate level and below from June quarter of 2021 to reward them for "their hard work and high performance"
While Indian IT services companies have made a strong comeback in Q3, Cognizant's full year revenues for the first time has slipped into the negative territory, with guidance for 2021 also in low single digit range