At least in Texas they tell: The Irving City Council approved an economic grant to the company for as much as $545,000 for the new operation; the Texas Enterprise Fund is providing a $2.5 million grant. . . and the company plans to create 1,000 or twice as many jobs in 36 months, training them in-house for those who qualify.
Here's another one of those happy-talk pressers from the City of Mesa Newsroom that bears a lot of resemblance to another presser from Texas, with the their governor and their mayor on hand and the same Cognizant stage back-drop
Likewise, after yet another hoopla happy talk here in Mesa on August 9th, some other details and information are posted
below where both use 50,000 sq ft
Cognizant, a Fortune 500 digital technology firm and one of the world’s leading professional services companies, opened its newest U.S. regional center at 1130 N. Alma School Road in Mesa. “Cognizant is an exciting addition to Mesa,” Mayor John Giles said. . .
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| Does this look Photo-shopped? |
Occupying two floors and 50,000 square feet, Cognizant will invest $4.5 million this year in the Mesa facility and bring more than 500 new jobs to the site (in time) to serve companies in 15 industry sectors including banking, consumer goods, education healthcare manufacturing and transportation. The new jobs will be full-time*, technology and business professionals who provide business process services as well as software application development and maintenance.
* the company slashed over 4,000 jobs in 2017, has a 22% Attrition Rate, and will incur as much as $35 million in severance costs during the rest of the year. Moreover, Cognizant's stock performance has shown volatility during the past year (see below)
* the company slashed over 4,000 jobs in 2017, has a 22% Attrition Rate, and will incur as much as $35 million in severance costs during the rest of the year. Moreover, Cognizant's stock performance has shown volatility during the past year (see below)
"The amazing number of jobs Cognizant is bringing to this facility will help solidify Mesa as a leader in tech industry careers. This location at Waypoint in District 1 is ideal for the workforce, because of its proximity to two major freeways and the retail and restaurant options right next door," District 1 Councilmember Mark Freeman said. . . . . and for this HE GETS A PINOCCHIO!
Blogger Note: Happy in this leasing transaction are the two brothers Krumwiede - one the developer and one the property company - who get the $4.5 Million investment in Mesa: ". . . Waypoint was located and built with an eye toward serving the modern corporate tenant. We are thrilled to welcome Cognizant, and to see our efforts put to use by an exceptional Fortune 195 company," said Harvard Investments President and CEO Craig Krumwiede, who serves as the project developer along with Lincoln Property Company."With the addition of Cognizant, our 430,000-square-foot Waypoint campus is now 95 percent leased," said Lincoln Property Company Executive Vice President David Krumwiede. "It creates a very dynamic place for Cognizant, and all of our tenants, to grow and thrive. . . "
Public Information and Communications
Contact: Kevin Christopher
Tel. 480-644-4699kevin.christopher@mesaaz.gov
Contact: Kevin Christopher
Tel. 480-644-4699kevin.christopher@mesaaz.gov
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* New Jobs ???
Cognizant to trim top deck to make room for juniors
Updated: Aug 03, 2018, 12.59 PM IST
Cognizant said it would look to cut senior-level jobs and would incur as much as $35 million in severance costs during the rest of the year, even as it reported second-quarter revenue that missed analysts’ expectations.
The Teaneck, New Jersey-headquartered company’s attrition was over 22% in the second quarter, a rate the company attributed to its stricter performance management moves and increasing global demand for tech talent. Cognizant had already slashed headcount by as much as 4,000 in 2017 and had previously offered nearly 400 senior executives a voluntary retirement scheme. . . On Friday morning, Cognizant clarified the number of job losses that were being targeted. "The number of senior job cuts will be under 200,” a Cognizant spokesperson told ET.
The Teaneck, New Jersey-headquartered company’s attrition was over 22% in the second quarter, a rate the company attributed to its stricter performance management moves and increasing global demand for tech talent. Cognizant had already slashed headcount by as much as 4,000 in 2017 and had previously offered nearly 400 senior executives a voluntary retirement scheme. . . On Friday morning, Cognizant clarified the number of job losses that were being targeted. "The number of senior job cuts will be under 200,” a Cognizant spokesperson told ET.
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Cognizant expands operations in Texas
Aug 30, 2018, 09.51 AM IST
Cognizant said it has opened an new delivery centre in the US state of Texas that will create 1,100 jobs.
The Teaneck, New Jersey-headquartered company said it invested more than $8 million on its current expansion in Irving and qualified for a $2 million grant from the Texas Enterprise Fund.
"Our latest expansion is the result of Texas' business-friendly environment, the Texas Enterprise Fund, and the location of our many other partners in the Irving and Dallas region. As one of the largest technology recruiters and employers in the United States, Cognizant cares deeply about our country's workers and their sustained ability to keep pace globally as technology races ahead,” Karen McLoughlin, Chief Financial Officer, Cognizant.
The new centre will also house a training facility and Cognizant said it expects to train 1,000 people over the next 36 months.
The Teaneck, New Jersey-headquartered company said it invested more than $8 million on its current expansion in Irving and qualified for a $2 million grant from the Texas Enterprise Fund.
"Our latest expansion is the result of Texas' business-friendly environment, the Texas Enterprise Fund, and the location of our many other partners in the Irving and Dallas region. As one of the largest technology recruiters and employers in the United States, Cognizant cares deeply about our country's workers and their sustained ability to keep pace globally as technology races ahead,” Karen McLoughlin, Chief Financial Officer, Cognizant.
The new centre will also house a training facility and Cognizant said it expects to train 1,000 people over the next 36 months.
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The Irving City Council approved an economic grant to the company for as much as $545,000 for the new operation, and the Texas Enterprise Fund is providing a $2.5 million grant.
Technology
Tech services firm adding 1,100 jobs, $8M investment in Irving
International technology services firm Cognizant Technology Solutions will hire 1,100 employees over the next five years for its new 50,000-square-foot center in Irving, more than doubling its presence in the city, company officers said Wednesday.
“These are high-skilled technology workers,” Cognizant Chief Financial Official Karen McLoughlin said in an interview with the Dallas Business Journal. “People who are working on software development, digital engineering, application maintenance and other high-skilled technology jobs.” . . .
Cognizant officially opened the doors to its Dallas-Irving Regional Technology and Service Delivery Center on Wednesday, marking the occasion with a ribbon cutting ceremony that included remarks from Texas Gov. Greg Abbott, Irving Mayor Rick Stopfer, McLoughlin and others.
The company has invested more than $8 million in its Irving expansion.
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WHAT WE KNOW:
1 The City of Mesa partnered with Cognizant and the Arizona Commerce Authority on this project.
2 For more information about Cognizant go to www.cognizant.com.
3 Cognizant is a multinational corporation that provides IT services, including digital, technology, consulting, and operations services. It is headquartered in Teaneck, New Jersey, United States. Wikipedia
Market Summary > Cognizant Technology Solutions Corp
5 Founders: Francisco D'Souza, Lakshmi Narayanan, Kumar Mahadeva
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Why Cognizant Technology Solutions Corporation (NASDAQ:CTSH ...
May 17, 2018 - Cognizant Technology Solutions Corporation (NASDAQ:CTSH) saw significant share price volatility over the past couple of months on the ...
View Cognizant Technology Solutions Corporation CTSH investment & stock information. Get the latest ... 07/31/18-8:03AM EST Zacks More Zacks News for CTSH ..... Yahoo; MSN; Marketwatch; Nasdaq; Forbes; Investors.com; Morningstar.
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