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Thursday, May 4, 2017

Cognizant offers VRS to senior executives

Cognizant offers VRS to senior executives. Cognizant sends 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. While directors are offered the nine-month packages, AVPs and SVPs will get the six-month deal.

Also read: Cognizant job cuts to lay off 6000 employees

Cognizant spokesperson said, We are offering a voluntary separation incentive to some eligible leaders, representing a very small percentage of our total workforce. It is related to our overall company strategy to accelerate our shift to digital and to deliver high-quality, sustainable growth.

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