400 execs accept Cognizant offer to take 9 month pay & leave
About 400 senior executives at IT giant Cognizant have accepted the companyâs voluntary separation package, a move that will help the company save about $60 million (â¹382 crore) annually. Cognizant had initiated the programme in May, offering up to nine months of salary as part of it, to some top-level executives. A majority of these employees reportedly could be Indian.