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Cognizant offers VRS to senior executives
77 views | May 04, 2017, 04:48:07 PM |
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Under pressure from activist investor Elliot Management coupled with business headwinds, Cognizant Technology has offered a golden handshake to a select category of senior employees, thereby reducing its wage bills. Cognizant sent out mailers to D+ category employees (directors and senior VPs), giving them an option to exit the organisation on a cordial note by accepting either six or nine months' pay as severance package, depending in which category the employee sits.
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