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Now, Cognizant cuts variable pay steeply

Now, Cognizant cuts variable pay steeply

Tuesday, March 21, 2017, 10:03 AM

For the first time, the best performers at US-headquartered Cognizant Technology Solutions (CTS) will receive only 95% of their variable pay for 2016, significantly lower than the usual 150% to 200% they used to earn earlier, indicating the headwinds the sector faces.This comes on the back of news of the company preparing to let go as many as 6,000 employees this year.
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