The other subtle change the new CEO brought was that most of the leaders who were asked to quit are from India and those who have replace them were from UK which he conveniently named it as going global, meaning sending Indians out of top positions. Little that he know that every Indian leader has his camp de aide under him who is closely groomed to follow him to next organization rather than taking the old boss's position so they were slapped back with 31% attrition. His first few acquisitions are from UK as well and also everyone know where this "Aston Martin" headquarter is located with which he has signed a sponsorship deal. This is just bad to see on how he has let go folks in India to fund a car company in UK for marketing. This is completely ironic to how Frank Dsouza ran this company which was evident in his farewell email that he is happy to create employment for 2,00,000 people in India through Cognizant. Welcome to East India Company 2.0 folks.
you have put your perspective very well and brought some new information to the fore. thanks for sharing that. I will dig down this UK-ization of Cognizant in future. if i find some patterns, i will talk one day for sure
I would probably suggest to retain employees at all levels by paying some good perks and offering promotions so that the attrition is controlled. I myself had a bad impression on Cognizant looking at the attrition and rejected their offer with a fear.
Mahesh, the way market is behaving Its very difficult to offer that kind of increments or raise in the same company. to change the perception, they will have to fire Brian Humphries. i don't see any other option
If I am the CEO in a company, I would promote the employees to next level(irrespective of whatever the level they are currently) who are associated with me for more than 10 years.. I believe those bigger brains who are with me for a decade will definitely make my company stronger and back to its brand again. Because they are still with me for a reason even when the market is at its peak. And they know the DNA and brand of the company..
And this will create a positive thought for folks who wanted to stay longer. So this positivity will spread to their team members, who could be laterals or freshers etc.,
Iam from CTS.Cognizant is the most racist company.CTS is run by Tamil Brahmins.I don't speak Tamil and not a Brahmin. Every day there is harrasment since Iam an outsider, not from chennai , not speaking tamil. Iam happy to see CTS go down. All major projects are send to Chennai.Other locations get the worst projects .All onsite people from chennai get opportunities,Non tamils are totally neglected in promotions , growth , every good thing goes to Tamils. Never faced so much racism and harrassment in any other company. When my mother died,,I was told Iam lying .I asked for leave when my mother was sick and leave denied.All because IAM NOT TAMIL.When Tamil persons mother dies its a real death , when non Tamil mother dies its fake.Also the balance sheet of CTS is manipulated. needs to be audited by SEBI
back in 2010, this difference was much more. i wouldn't put that Tamil vs Others. The reason was, IT industry was setup by entrepreneurs from South, and majority of them headquartered there. So all important events were driven from there. However in last 5-7 years, things have changed . It has accelerated after covid. HOwever there is still some distance to go.
Hello Sir, I have offer from Accenture (23 lakhs) and IBM (21 lakhs). IBM is having all Fixed compensation whereas Accenture has 27% Variable pay. Please suggest.
You've not shared your skills, exp, current company. i am hopping you have fixed in Accenture around 18 LPA and you are being offered job band 9. they have raised variable pay part to 27% recently which is not good. However it is not going to impact you in next 2-3 years. They will offer 100% or may be 110%. I would suggest get the salary revised to around 25 LPA. and join Accenture. by doing that you will have fixed around 20 LPA...
Sir I have 4 offers. I work in React JS profile. TechM(12 lpa), HCL(13 lpa), Hexaware (16lpa), Cognizant (16 lpa). What would you suggest me to join? I have 3+ years of experience.
what an offer Joydip. Congratulations. you've hit jackpot. TechM is bad employer for career growth. HCL has not changed for employee despite such growth. Check my video on HCL. Hexaware has been away from any mention in past few years as they went private... so very little is coming out interms of how they are performing... Cognizant having bit difficulty these days but it is such a large company , it will surely recover. Also you are still fresh, so you don't need to worry.
Sir I have two offers 1) Cognizant Genc Elevate(4LPA) 2) Accenture ASE(4.5LPA) I'm a fresher which should I join ? dont want support/bench/testing. 2022 batch
Hello sir I joined a company where no related project fit to my skill, one months ago i have joined current organization, I have cognizant offer. What to do? Can I abscond here or wait for some time?
hahha....thats due to many choices at the moment.... things will not remain same in future...please think long term.... Absconding may backfire any day... it will give you sleepless nights everytime you plan to switch as fear of being caught will haunt you....
@@adityasinha9379 see presales role is customer facing, and might need travel at times. admin role is completely opposite. if you are passionate about customer, go with presales.. but at the moment you being aws admin you probably has no idea how presales works. so beware of expectations from you in next job.
Hi Alisha, i think bond shouldn't bother starters. I covered that and done ranking of many companies in "Joining IT.." But what you should bother is, mistakes which leads to lose of direction and aim. So avoid mistakes i covered in "Biggest mistakes"
Ericsson is non IT company or product company or Telecom company. So working environment will be bit different (there is no need of finding projects) . If you want to work in pure IT services company, Capgemini seems a better choice at the moment otherwise CTS and capgemini both are similar. but not at this time.
@@BingeLearn thank you sir , yes you are correct , Ericsson is different , the mode of project very specific with respect to current market fevered skills . Thank you again ... Your in depth analysis about industry is very helpful for me in past also when I checked your info on Mindtree , and it is 100% true .
@@saswatabagchi6937 they are right. they are ITC group company. But that does not mean they become good IT employer. its a much smaller name, slow growing comparatively. If i get time, i may club same size companies in future...but its in distant future...many high priority topics are pending...
@@BingeLearn sir from my side one recommendation I have that is on the buzz word "data science ". Many lucrative career paths now there in that field , but along with that there are lots of misconceptions and mostly over stated narratives also exist . So my request is to you make some informative video on industry acceptance and what are key prerequisites for that domain to get an entry , in very short real fact about data science .
Sir I am a fresher I have CTS genc next (6.75lpa), wipro(3.5lpa), modak analytics (6lpa) which one would be a better option to join as I am worried about CTS
i have not heard much about Modak. So can't comment. Genc Next seems a better choice. even with genc, i would have preferred Cognizant. However please do keep some mistakes i covered "Biggest Mistakes"
CTS is a one way street to end back in street. The truth is Market sees CTS as body shopping company. They never had any worthy product unlike Infosys, TCs and Wipro in the past and never will in the future. If you want to grow your career then avoid this company at any cost. If already joined then have an exit plan in another 18 months to 2 years.
ok you are a graduate. 5 year is bit too long at the current environment... go with CTS if there is no bond. but please beware, continue your further study...
Btw should cognizant keep the ceo or fire him also 🤣,? Will this drastic changes have any good impact in future or it'll be a mess for upcoming 3-4 years. At the price and rate they are hiring resources i suspect a layoff in cys in 2023 starting.
do you remember Vishal Sikka story...i liked him too much and felt probably he needed to be given free hand.... But the problem was , he was having difficult timing dealing with Mr. Narayan Murthy.. and it was impacting company culture.... since his exit, Infy is on a different level. So sometimes bitter pill becomes necessary. And I agree, They are offering disproportionate salaries... un sustainable in long run.... have a look at the movement in and out of the company, 31% employee left but they hired atleast two times that to mitigate the effect... crazy
i hope it is true. but that will have huge effect on their margins. which stock market investors don't like. And what happens when demand cycle comes down, that is unknown...
@@BingeLearn exactly, so it's better to leave cts when market is hot. I mean over the next few quarters. Cts again will fire employees when this growth cycle cool down.
Bhai cognizant pehle theek se bol le.. uske baad BH pe ayyo... have you ever been into a PIP before. Presenting business slides on social media can get u in jail. Get your facts correct dude..
The other subtle change the new CEO brought was that most of the leaders who were asked to quit are from India and those who have replace them were from UK which he conveniently named it as going global, meaning sending Indians out of top positions. Little that he know that every Indian leader has his camp de aide under him who is closely groomed to follow him to next organization rather than taking the old boss's position so they were slapped back with 31% attrition. His first few acquisitions are from UK as well and also everyone know where this "Aston Martin" headquarter is located with which he has signed a sponsorship deal. This is just bad to see on how he has let go folks in India to fund a car company in UK for marketing. This is completely ironic to how Frank Dsouza ran this company which was evident in his farewell email that he is happy to create employment for 2,00,000 people in India through Cognizant. Welcome to East India Company 2.0 folks.
you have put your perspective very well and brought some new information to the fore. thanks for sharing that. I will dig down this UK-ization of Cognizant in future. if i find some patterns, i will talk one day for sure
I would probably suggest to retain employees at all levels by paying some good perks and offering promotions so that the attrition is controlled. I myself had a bad impression on Cognizant looking at the attrition and rejected their offer with a fear.
Mahesh, the way market is behaving Its very difficult to offer that kind of increments or raise in the same company. to change the perception, they will have to fire Brian Humphries. i don't see any other option
Woow. Very good and informative video.
👌👌
Sandeep, you saw it this morning... meri jaan ke peeche pade the ki video nahi daala abhi tak...😁
If I am the CEO in a company, I would promote the employees to next level(irrespective of whatever the level they are currently) who are associated with me for more than 10 years.. I believe those bigger brains who are with me for a decade will definitely make my company stronger and back to its brand again. Because they are still with me for a reason even when the market is at its peak. And they know the DNA and brand of the company..
And this will create a positive thought for folks who wanted to stay longer. So this positivity will spread to their team members, who could be laterals or freshers etc.,
Hi Kalai Vani,
You are a CEO, I am glad to see your views. we would be delighted to know your company name ?
@@BingeLearn I am NOT a CEO.. I mean IF I AM a CEO, I will take this decision 😊
@@riyakasa3540 hahah.... thats a miss from my side. but you could be a CEO for sure on day.no big deal
@@BingeLearn Thank you Gentleman..!! 😊.. Your views about Cognizant are great...
Iam from CTS.Cognizant is the most racist company.CTS is run by Tamil Brahmins.I don't speak Tamil and not a Brahmin. Every day there is harrasment since Iam an outsider, not from chennai , not speaking tamil. Iam happy to see CTS go down. All major projects are send to Chennai.Other locations get the worst projects .All onsite people from chennai get opportunities,Non tamils are totally neglected in promotions , growth , every good thing goes to Tamils. Never faced so much racism and harrassment in any other company. When my mother died,,I was told Iam lying .I asked for leave when my mother was sick and leave denied.All because IAM NOT TAMIL.When Tamil persons mother dies its a real death , when non Tamil mother dies its fake.Also the balance sheet of CTS is manipulated. needs to be audited by SEBI
back in 2010, this difference was much more. i wouldn't put that Tamil vs Others. The reason was, IT industry was setup by entrepreneurs from South, and majority of them headquartered there. So all important events were driven from there. However in last 5-7 years, things have changed . It has accelerated after covid.
HOwever there is still some distance to go.
SEBI cannot investigate the books as company is not listed in India.
Hello Sir,
I have offer from Accenture (23 lakhs) and IBM (21 lakhs). IBM is having all Fixed compensation whereas Accenture has 27% Variable pay.
Please suggest.
You've not shared your skills, exp, current company.
i am hopping you have fixed in Accenture around 18 LPA and you are being offered job band 9.
they have raised variable pay part to 27% recently which is not good. However it is not going to impact you in next 2-3 years. They will offer 100% or may be 110%. I would suggest get the salary revised to around 25 LPA. and join Accenture. by doing that you will have fixed around 20 LPA...
IBM is preferred. You will never get full variable the other company offers, it is as good as gone.
Sir I have 4 offers. I work in React JS profile. TechM(12 lpa), HCL(13 lpa), Hexaware (16lpa), Cognizant (16 lpa). What would you suggest me to join?
I have 3+ years of experience.
what an offer Joydip. Congratulations. you've hit jackpot.
TechM is bad employer for career growth.
HCL has not changed for employee despite such growth. Check my video on HCL.
Hexaware has been away from any mention in past few years as they went private... so very little is coming out interms of how they are performing...
Cognizant having bit difficulty these days but it is such a large company , it will surely recover. Also you are still fresh, so you don't need to worry.
@@BingeLearn thank you so much for the suggestion sir
Really it is a jackpot 👏👏
HCL is a better option
Sir I have two offers 1) Cognizant Genc Elevate(4LPA) 2) Accenture ASE(4.5LPA) I'm a fresher which should I join ? dont want support/bench/testing. 2022 batch
Did you check video "Joining IT". I have done ranking of companies.
Hello sir I joined a company where no related project fit to my skill, one months ago i have joined current organization, I have cognizant offer. What to do? Can I abscond here or wait for some time?
hahha....thats due to many choices at the moment.... things will not remain same in future...please think long term.... Absconding may backfire any day... it will give you sleepless nights everytime you plan to switch as fear of being caught will haunt you....
Sir, I have 2 offers 1) TechM 2) Netmagic solutions which should I consider?
what is your role in each company ? exp and skills.
is there visible difference in the offer ?
@@BingeLearn 4+ yrs AWS cloud 1) TechM - AWS admin 2) Netmagic Solutions - Cloud Presales(Solution Engineer). Not much offer difference.
@@adityasinha9379 both profiles are north pole and south pole one is presales other is adminstration. do you know that ?
@@BingeLearn Yes Sir, I'm aware of that. Can u suggest as per good career growth?
@@adityasinha9379 see presales role is customer facing, and might need travel at times. admin role is completely opposite.
if you are passionate about customer, go with presales.. but at the moment you being aws admin you probably has no idea how presales works. so beware of expectations from you in next job.
Hello sir, I got an offer from Mphasis with 3.25lpa with a 2years bond( 1lakh). Should I join or not?
Hi Alisha,
i think bond shouldn't bother starters. I covered that and done ranking of many companies in "Joining IT.."
But what you should bother is, mistakes which leads to lose of direction and aim. So avoid mistakes i covered in "Biggest mistakes"
Very nice content
glad you found it useful.
Sir I am a experience person and I have offers from Capgemini , CTS , itc infotech , Ericsson which one to choose .
Ericsson is non IT company or product company or Telecom company. So working environment will be bit different (there is no need of finding projects) .
If you want to work in pure IT services company, Capgemini seems a better choice at the moment otherwise CTS and capgemini both are similar. but not at this time.
@@BingeLearn thank you sir , yes you are correct , Ericsson is different , the mode of project very specific with respect to current market fevered skills . Thank you again ... Your in depth analysis about industry is very helpful for me in past also when I checked your info on Mindtree , and it is 100% true .
@@BingeLearn hi sir can you make a video on itc info tech . They claim they are subsidiary of ITC .
@@saswatabagchi6937 they are right. they are ITC group company. But that does not mean they become good IT employer. its a much smaller name, slow growing comparatively. If i get time, i may club same size companies in future...but its in distant future...many high priority topics are pending...
@@BingeLearn sir from my side one recommendation I have that is on the buzz word "data science ". Many lucrative career paths now there in that field , but along with that there are lots of misconceptions and mostly over stated narratives also exist . So my request is to you make some informative video on industry acceptance and what are key prerequisites for that domain to get an entry , in very short real fact about data science .
Sir I am a fresher
I have CTS genc next (6.75lpa), wipro(3.5lpa), modak analytics (6lpa) which one would be a better option to join as I am worried about CTS
i have not heard much about Modak. So can't comment.
Genc Next seems a better choice. even with genc, i would have preferred Cognizant.
However please do keep some mistakes i covered "Biggest Mistakes"
CTS is a one way street to end back in street. The truth is Market sees CTS as body shopping company. They never had any worthy product unlike Infosys, TCs and Wipro in the past and never will in the future. If you want to grow your career then avoid this company at any cost. If already joined then have an exit plan in another 18 months to 2 years.
Sir is it good to join CTS as a freshers? I have wipro offer letter also but with 5yrbond . Should I choose CTS Or wipro?
ok you are a graduate. 5 year is bit too long at the current environment... go with CTS if there is no bond. but please beware, continue your further study...
@@BingeLearn sir will Distance MCA valid for future in IT?
Initially distance MCA will hurt you ...maybe at exp around10-15 years, it doesn't matter but in the beginning it will surely.
sir i got offer from mphasis(4lpa) how is the company is it worth?
yes its good. But as a fresher please avoid mistakes I covered in another video "Biggest Mistakes"
Btw should cognizant keep the ceo or fire him also 🤣,?
Will this drastic changes have any good impact in future or it'll be a mess for upcoming 3-4 years.
At the price and rate they are hiring resources i suspect a layoff in cys in 2023 starting.
do you remember Vishal Sikka story...i liked him too much and felt probably he needed to be given free hand....
But the problem was , he was having difficult timing dealing with Mr. Narayan Murthy.. and it was impacting company culture....
since his exit, Infy is on a different level. So sometimes bitter pill becomes necessary.
And I agree, They are offering disproportionate salaries... un sustainable in long run....
have a look at the movement in and out of the company, 31% employee left but they hired atleast two times that to mitigate the effect... crazy
The CEO should be kicked out of the company immediately.
Yes, i think time to do a course correction. Biggest issue is loss of brand value
I think cognizant is trying to deal with attrition in 2021 by giving special pay to employees apart from regular annual hike.
i hope it is true. but that will have huge effect on their margins. which stock market investors don't like.
And what happens when demand cycle comes down, that is unknown...
@@BingeLearn exactly, so it's better to leave cts when market is hot. I mean over the next few quarters. Cts again will fire employees when this growth cycle cool down.
On the salary side, u are comparing the salary (and the costs) of US and India together?! Not fair
this is over an year old video . i will have to watch it again. doesn't recall clearly.
Hi can you please share how to connect with you. E.g: linkedin profile or mail. It would be very helpful.
please check the description for LinkedIn connect
Bhai cognizant pehle theek se bol le.. uske baad BH pe ayyo... have you ever been into a PIP before. Presenting business slides on social media can get u in jail. Get your facts correct dude..
Aap galat channel pe aa gaye ho. Please move on... 🙏..