Cognizant defers salary hikes to August in a second such delay in last 5 months: Report

Cognizant Technology Solutions Corp. has once again postponed the salary hikes and will now implement it in August this year, according to a report by Mint. This is reportedly the second time the company has postponed salary hikes in over five months.

During a town hall at the company’s newly renovated Kolkata office on Thursday, Cognizant CEO S Ravi Kumar announced that salary hikes would begin on August 1, while bonuses for eligible employees would be distributed in March, the report stated. The company also instructed managers to communicate bonus details to their teams by March 11.