Cognizant (NASDAQ: CTSH) exec sells stock in pre-set trading plan

Cognizant CFO Karen S. Catlin said AI is reshaping IT services competition, with providers needing to demonstrate technological relevance. The company expects AI to reduce workforce costs and shift spending focus. Cognizant's bookings rose 5% in the past year, with AI-assisted work reducing human effort. The company maintained its 'winner's circle' position and expects gradual margin improvements. Cognizant plans to keep its 50/25/25 capital allocation framework and is evaluating a potential Ind

The US Department of Labor suspended Cognizant's PERM filings, impacting the company's ability to sponsor foreign workers for green cards. This move aligns with broader US immigration policy changes, including stricter scrutiny and visa revocations. Cognizant faces uncertainty, and the action may affect its workforce and business model.

The US Department of Labour has suspended permanent labour certification filings for Cognizant and Cloudera amid a probe into alleged visa fraud. This follows a July investigation by the Trump administration into H-1B and PERM visa programs. Cognizant had 3,510 H-1B visa approvals by June 30, down from 9,413 in 2020.

The US Department of Labour suspended Cognizant's new Green Card filings amid a probe into alleged H-1B and PERM abuse, raising concerns for Indian IT giants like TCS, Infosys, Wipro, and HCLTech. Cloudera also faces a similar freeze. The investigation is part of a broader US crackdown on employment-based immigration programmes.

The US Labor Department suspended Cognizant's PERM filings, alleging visa fraud. The company cannot file new PERM applications during the investigation. Cognizant plans to hire 1,500 US graduates. The suspension's scope and duration are unclear. Cloudera's filings are also suspended. Cognizant is a major employer of foreign tech workers in the US.

The US Department of Labor suspended Cognizant's PERM labor certification filings due to an investigation into alleged fraud. Cognizant plans to hire 1,500 US graduates and expand its workforce. The suspension affects green card applications but not H-1B visas. Cognizant is listed on Nasdaq as CTSH.