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 higher than it should be.
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