Cognizant CEO: No Impact From Poaching Row

By By Rediff Money Desk, NEWDELHI
Jan 09, 2024 19:02
Cognizant's CEO assures no impact from employee poaching allegations by Infosys and Wipro, stating that talent mobility is a norm in the IT industry. He emphasizes the importance of respecting employment contracts.
Photograph: Kind courtesy wikimedia commons
New Delhi, Jan 9 (PTI) Amid employee poaching allegations levelled by two domestic IT firms, Cognizant India Chairman and Managing Director Rajesh Nambiar said the issue has not impacted the organisation's business and operations.

Nambiar refused to be drawn into specifics of the matter but said if companies want to enforce contracts they have with employees, "it is certainly their prerogative".

He, however, said that there cannot be a broader industry-wide norm on non-poaching.

"There is not going to be a broader industry-wide norm saying you can't hire from each other...because this industry was built by talent moving from one company to the other, so there should not be any issue in terms of having the right flow, as long as it is done within the broader framework of how the employment contracts work."

The issue has not impacted Cognizant, he asserted, when asked if the pitched battle has affected the company.

"It does not affect us at all. None of this has affected us. As in, if you are talking about Cognizant, I don't think there is any impact whatsoever for us. And it should not have any impact on the industry as well," said Nambiar, who is also the chairperson of the industry body Nasscom.

Over the past weeks, the poaching war among IT heavyweights has heated up, with Bengaluru-headquartered Infosys accusing Cognizant of allegedly resorting to unethical poaching tactics. As per reports, Cognizant CEO Ravi Kumar, who was previously with Infosys, has hired nearly 20 senior leaders in the company - several of them were earlier with Infosys and Wipro.

"...we are one of the companies which, even at the entry-level, we do not have a bond or a service agreement. We go out and hire from the campuses," Nambiar said.

He went on to add that "it is a free world out there".

"As I said, it's a free world out there. I think it is important for people to have a little more mobility ...but having said that, you also have employment contracts with companies, and you are willfully signing that or not signing that depending on the choices that you make...So, it is very important for the employee and their corresponding company to have an understanding as to how they deal with all of that," he said.
Read More On:
cognizantpoachingit industryinfosyswipronasscomtalent mobilityemployment contracts
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

ICICI Prudential AMC IPO Opens Friday

ICICI Prudential AMC raises Rs 3,022 Cr from anchor investors. IPO opens Dec 12. Price...

AWS Invests $7B in Telangana Data Center Expansion

AWS to invest USD 7 billion in Telangana for data center expansion over 14 years. Boost...

Cyber Attacks Surge Post Operation Sindoor

Cyber attacks on government networks surged 7x after Operation Sindoor. NICSI MD...

RBI Injects Liquidity via OMO Purchase

RBI injects Rs 50,000 crore liquidity through Open Market Operation (OMO) purchases of...

IndiGo Flight Disruptions: Captain Gopinath...

Captain Gopinath analyzes IndiGo flight disruptions, citing arrogance, poor planning,...

Leverage Edu: Dubai Study Surge from India

Leverage Edu reports a 40x surge in applications from India to study in Dubai. Dubai is...

RBI Cancels NBFC Registrations

RBI cancels registration of 4 NBFCs, 4 others surrender certificates. Action taken...

RBI Eases Cash Credit Restrictions

RBI relaxes restrictions on cash credit facilities after stakeholder feedback. Draft...

Indian Startup Funding & Investments News

Latest funding news: Neosapien raises USD 2 mn, Isprout borrows Rs 60 cr, Ekta World...

Rajasthan Progressing: CM Sharma on Development

CM Sharma highlights Rajasthan's rapid progress in tourism, IT, renewable energy,...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com