CHENNAI: Under pressure from activist investor Elliot Management coupled with business headwinds, Cognizant Technology has offered a golden handshake to a select category of senior employees, thereby reducing its wage bills. Cognizant did not comment on the number of people who fall into the category . "We are offering a voluntary separation incentive to some eligible leaders, representing a very small percentage of our total workforce. However, it raised guidance for 2017, estimating revenue to be from $14.5-14.84 billion.Employees of Cognizant are also feeling the heat of slower growth. In 2015, top performers bagged up to 190%, significantly higher than 135% for the prior year.

Source: Economic Times May 04, 2017 04:13 UTC