IT services major Cognizant said on Thursday, August 14, that around 80% of eligible employees will get a salary hike from November 1, 2025.
The merit-based hike applies on roles up to the Senior Associate
“Top performers will receive the highest increases,” a company spokesperson said, adding that most associates had already received their highest bonuses for the last three years.
The announcement comes soon after Cognizant reported a healthy Q2 earnings. It showed an 8.1% year-on-year revenue rise to $5.25 billion and a record $27.8 billion in bookings over
The IT major added 7,500 employees in the latest quarter, taking its total headcount to over three lakh employees, and plans to onboard 15,000 to 20,000 freshers in 2025.
The NASDAQ-listed company has also made $1 billion bet on Artificial Intelligence (AI) to prepare its talent for the AI era, build infrastructure through AI Labs, and create tailored solutions for clients.
It is also embracing a hybrid workforce for the future, comprising of human and digital agents.
Gummadi also dismissed any threat or existential crisis due and that existing jobs "might morph into something different."
Cognizant has partnered with Googleto train 200,000 employees in AI technologies, underscoring the scale of their reskilling
“We're working with academia, colleges, and universities to adjust the curriculum for our intake, and we're training our workforce too,” Gummadi explained in an exclusive interview with CNBC-TV18.
Also Read: Agentic AI is the future, and Cognizant wants to lead the charge
