Cognizant fires about 200 senior employees!

Cognizant Technology Solutions has fired 200 senior employees as the company plans to work more with new digital requirements. 

The company laid off executives who were finding it difficult to adapt to the requirements in order to hire people with relevant skills.

The exercise was completed in August and the company will be giving out 35$ million in severance. 

About 200 employees at director level are also laid off. 

Reducing in senior executives will help them to raise margins.