Business Standard

Amid high attrition rate, Cognizant plans to hire 100,000 people this year

The firm, which had a quarterly attrition rate of 31%, als plans to recruit 30,000 at the graduate level

Cognizant
Premium

Neha Alawadhi New Delhi
Cognizant Technologies, whose quarterly attrition rose to 31 per cent in the quarter ended June 30, said it is looking to hire 100,000 lateral hires, along with thousands of people at the graduate level this year.

In the second quarter (Cognizant follows the January-December cycle) the company said that its voluntary attrition touched 29 per cent on an annualised basis and 18 per cent on trailing 12 months basis (LTM). The company stated in its analyst call that it is ramping up its hiring and skilling mechanism.

However, Rajesh Nambiar, President-Digital Business & Technology and Chairman, India at Cognizant, agreed attrition is

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 29 2021 | 2:35 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com