At 21%, Cognizant sees highest IT attrition in January-March quarter

Topics Cognizant | Attrition  | IT sector

IT major Cognizant experienced the highest attrition rate in the industry at 21 per cent during the January-March quarter. The company’s voluntary attrition rate was at 18 per cent, the US-based multinational revealed while acknowledging that as a reason for impacting its performance. Attrition refers to a decrease in the size of an organisation’s workforce.   Cognizant CEO Brian Humphries, in the post-result analyst call, spoke about the difficulty in retaining employees with digital talent capabilities. “This put some pressure on salaries as rows were filled by later.....

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