In April 2019, Brian Humphries replaced Francisco D’Souza as the Chief Executive Officer of Cognizant Technology Solutions to set the house in order as the US-based software company faced a series of challenges, including a court case on tax evasion, enquiry on illegal construction in India, and charges of bribery in the US.
The company also faced enormous pressure from activist investor Elliott Management Corp for a total shake up in the company. All these had put a dent in the company’s image considerably.
However, in the last nine months, Humphries, former CEO of Vodafone Business, took some drastic measures, including a plan to remove 10,000-12,000 mid-to-senior level associates globally, to ensure that the company’s profitability is restored to earlier levels. He says, “Over the next two years, the focus will be on four areas — Data, Digital Engineering, Cloud and IoT— that are critical for clients to accelerate their digital journeys. There will be increased focus on hiring; talent re-skilling and mergers and acquisitions (M&A).”
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Covid Presents An Opportunity For India
India must attract investors exiting China post-Covid. Streamlining of project clearances and relaxation in FRBM norms will help
Did Alternative Assets Shield You From Covid-19 Volatility?
The assets closely linked to stock and debt markets could not stave off the losses
How To Put Aircraft To Bed
Preserving grounded planes, to get them up and flying at short notice, is a challenging task. Ashwini Phadnis captures the process
There Can Be No Going Back On WFH
Covid-19 has fast-forwarded the shift to ‘work from home’. However, some face-to-face connect will always be needed
UN, WHO Urged To Ensure ‘Benefit Sharing' Of Covid-Related Data
Biopharma firms should reach vaccines, medicines to poor nations at an affordable price, say civil society bodies
With No Clear Signal From Rlys, States Explore Ways To Bring Back Migrants
Quarantine centres, cross-country buses being arranged even as migrants hop on to boats, trucks and ambulances
Centre Allows All Neighbourhood Shops To Open But With Riders
Final call will be taken by local authorities; shopping complexes that draw fewer ‘outsiders’ are permitted to operate
Covid Impact Relatively Muted In India
Compared to Italy and the US, India’s rate of infection spread has been slow. This can be attributed to the strict measures in place
How Global Trade Will Fare Post-Covid
China isn’t likely to lose its pre-eminent position soon. India, for one, will need to make manufacturing globally competitive
How To Curb Harassment In The Virtual Office
Training and sensitisation are essential. Institute a strict dress code and chat etiquette to ensure professionalism during video calls
