Pros
Flexibility Selective good Executive/Sr. management, not all.
Cons
Goos stuffs getting bad these days... 1. Respect for individual - gone are the days..now it sucks.. 2. 80% Incompetent middle management folks from out side ( aka laterals) who are just sucking the company, taking advantage of the growth contributed by the Folks ( from campus who are still with cognizant), who are now suffering.. 3. Many folks who thought they are not just having a job here, but a "career" are now repenting not switching company during good mkt conditions, stood by company during recession, are now getting marginalized, neglected for promotion, not given hike for 2.5 years. You can imagine how frustrating is this. guess who is laughing.. the folks who joined during this period at a premium. 4. Once upon a time "expertise" was given due recognition , irrespective of " no of years of exp." Now all that is gone..now "how many years" you have spent in your IT career is more important..by folks who now think "juniors" are approaching fast and they made sure to stop it.. 5. Many times " appreciation awards" are given to people on rotation basis, just to please their own folks who have not received yet..what a joke..no body cares if you the person deserves the awards. 6. "Cognizant DNA" is now on paper. i has got severely diluted. 7. HR guys who are in charge of lateral recruitment are becoming monsters now. No transperancy, money and personal relationship counts! 8. Campus HR folks are pretty much biased on regions...You would find them go to a damn 1 year- old private engg/mgmnt college in some remote tamilnadu, but won't go to many old govt colleges in north and east india. but they won't forget to go to some swanky private colleges in east/north india, may be govt. colleges can't afford to pay money. and who they bring, the very students who couldnot make to these govt. colleges in entrance exams!! 9. Promotion and appraisal management is Cognizant is getting highly politicized! very unpredictable promotion cycle, irregular. your work done, if it means anything to managers, counts next to zero! Appraisal ratings are suicidal!! No objective analysis..very subjective and managers use this to "settle scores" on juniors! 10. transparency - this word has lost its meaning in Cognizant!!