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2d ago

Cognizant to Award Merit-Based Pay Hikes to 80% of Eligible Employees on November 1

Strong second-quarter earnings underpin performance- and country-based increases for staff up to the Senior Associate level

Cognizant Q1 earnings | Image: Republic
Figurines with computers and smartphones are seen in front of Cognizant's logo in this illustration taken
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Overview

  • Cognizant confirmed merit-based salary increases for roughly 80% of eligible employees effective November 1, covering roles through the Senior Associate level.
  • Hike amounts will vary by individual performance ratings and country, with consistent top performers in India set to receive high single-digit percentage raises.
  • The usual August wage cycle was deferred to November due to macroeconomic uncertainties and U.S. tariff concerns, according to CFO Jatin Dalal.
  • The decision follows Q2 results that showed 8.1% revenue growth to $5.25 billion and a 14% rise in net income to $645 million, prompting an upgraded 2025 revenue outlook.
  • The company has not yet set a wage cycle for employees beyond the covered grades and peers such as TCS have introduced similar pay revisions for most staff while planning selective layoffs.