At least 9 months' pay! Cognizant top execs get voluntary separation option

IT major expects process to be concluded by the end of the second quarter

Cognizant Technology Solutions has floated a voluntary separation option for its employees at the senior management level, at a time when the company is pushing for automation and digital technology and is in the process of trimming its workforce. 

The Nasdaq-listed US-based company, which has most of its India operations in Tamil Nadu, confirmed the development. Other information technology majors did not respond to calls and emails from Business Standard on whether they were also considering similar schemes.

Cognizant said the option had been offered to senior executives — from director level to senior vice-president. Sources in the company said