Cognizant will ask 400 more executives to leave

BENGALURU: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs and SVPs, would be asked to leave the firm, sources said. This, they said, would be done in a staggered manner.

Two years ago, Cognizant laid off about 200 senior employees at the director level and above. The year before that, it offered a voluntary separation scheme to 400 senior employees. But CEO Brian Humphries clearly thinks there are still too many people in the middle and top.

This time around, the severance package has shrunk from 20 weeks’ pay to three months’ pay plus one-week pay for every year of service completed.