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Cognizant headcount drops by 4,400, attrition level higher than normal

In May this year, Cognizant extended a "voluntary separation incentive" to some of its top-level executives, offering them up to nine months of salary.

 
 
The 20 executives reportedly had written a letter to the CEO C P Gurnani and chief people officer Rakesh Soni.
A Microsoft spokesperson said in an email on Thursday that the company is implementing changes to better serve its customers and partners.
Appraisals are usually announced in June every year, so the delay has come as a shock for Cognizant's employees.
Last month, Infosys said it will hire about 10,000 locals in the US over the next two years and set up four technology and innovation hubs there.
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