The firm’s board has presided over five years of dismal performance at what was once the hottest IT services company. Is the CEO its latest mistake?
“It saddens me to say this, but if things continue the way they are going, Cognizant will die by a thousand cuts.”
This is the sentiment of an executive who left the $16.6-billion Teaneck, New Jersey-based IT services company this year after serving it for over 16 years.
His words are echoed by many who think Brian Humphries, brought in as CEO from Vodafone Business, an arm of telecom operator Vodafone Group Plc, to steady the ship in April last year, has only rocked it further.
On 31 July, Humphries presented his fifth quarterly results. They were disappointing, to say …
Varun is a Bengaluru-based journalist and former writer at The Morning Context. In his thirteen-year stint as a print journalist, he had worked with a number of publications, including Business Standard, the Financial Times, The Economic Times and Mint.
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