After TCS, Cognizant delays annual salary hike for 80% staff by three months

Cognizant Technology Solutions Corp. will delay its annual wage hikes, with salary hike for about 80% of its global workforce now set to take effect on 1 November, according to a company statement sent to Reuters in an email on Thursday.

India is a major hub for the IT firm with over two-thirds of its total employees, which are around 343,800. The annual salary hike was due in August but was delayed due to macroeconomic factors, Chief Financial Officer Jatin Dalal said last month, referring to tariff-related uncertainties. The employees were last awarded increments last August.