Cognizant to let go of 350 senior hands earning Rs 80 lakh-1.2 crore to bring down costs

BENGALURU: Cognizant has decided to let go of nearly 350 people who earn annual salaries ranging from ?80 lakh to ?1.2 crore, people with knowledge of the move said, as the company seeks to bring down cost and turn its focus more towards digital from traditional technology services.

These employees are aged 50-55 years and most of them are based out of India. The list has been submitted to chief executive officer Brian Humphries’ office, the people said.

They are part of the 10,000-12,000 mid-to-senior level positions globally that the company said in October it would remove from their current roles in the coming quarters, the people said. “We have nothing to add to what was stated in our Q3 earnings call,” a Cognizant spokesperson said in response to ET’s questions. On the conference call, the company had said it would reskill and redeploy about 5,000 of those impacted.