Cognizant lays off 200 senior executives in bid to realign workforce

In a bid to allign its talent pool to the newer digital requirements, the Cognizant Technology Solutions (CTS) has reportedly laid off about 200 senior employees at the director level and above this year.

The employees have been given a severance payout of three-four months, reported The Times of India. 

The process, which was completed in August, is likely to cost $35 million to the company.

"As a part of our ongoing workforce management strategy, we ensure we have the right employee skill sets necessary to meet client needs and achieve our business goals. This process has resulted in changes, including