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400 senior executives accept Cognizant's voluntary separation package

According to a report by Hindustan Times, around 400 senior executives at US-based IT giant Cognizant have accepted the company’s voluntary separation package, a move that will help the company save about $60 million annually. This comes after Cognizant initiated the programme in May, offering up to nine months of salary as part of it, to a particular group of top-level executives, with the majority of these employees reportedly being Indians.

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