IT services firm Cognizant is extending a “voluntary separation incentive”, offering up to nine months of salary, to some of its top-level executives. This comes after reports of the New Jersey-headquartered software services company laying off 6,000-10,000 “ redundant and non-performing” employees. The US-based firm, which has a large part of its 2.6 lakh-strong workforce in India, has written to top executives in director and senior vice president roles. “This voluntary initiative is being communicated to management-level associates from Director-level to Senior Vice President and eligibility is at the discretion of Cognizant leadership,” a Cognizant spokesperson said. After stellar revenue growth in the past few years, the pace of growth seems to be slowing down for Cognizant.

Source: Hindustan Times May 04, 2017 12:11 UTC