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Cognizant defers annual salary hikes to August 2024 amid low demand in IT sector, says report

In 2023, Cognizant Technology listed on the US Nasdaq stock exchange and granted salary hikes to its employees in April.

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Cognizant deferes salary hikes for its employees by 4 months, will roll them out on August 1

The company said a majority of its associates have seen four merit increases or hikes within three years October 2021, October 2022, and April 2023 with the last cycle being April 1, 2023.

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