IT Major Cognizant is seeing another churn among senior executives. Several senior vice-presidents (SVPs) and vice-presidents (VPs) have resigned recently from the company.
According to the TOI report, among these are Jaideep Poondir, SVP in the banking and financial services vertical, Rajesh Balaji, SVP, and delivery head of enterprise application services practice, and Vinayambika Kidiyur, SVP, and global delivery transformation head have resigned.
Poondir was a Cognizant veteran. Balaji oversaw a $2-billion portfolio comprising Fortune 500 customers and led its SAP and other ERP practices.
Other Two more VPs, Archana Ramanakumar, a global delivery head of the life sciences business, and Vikash Gaur, global delivery head & digital engineering at Cognizant have also resigned.
Ramanakumar resigned in April, others are serving their notice period, sources said. Some of them have delayed their exit to support Cognizant navigate the pandemic. Cognizant has made a number of leadership changes since Brian Humphries came in as CEO last year. It was partly an effort to reduce numbers at the top.
A spokesperson said, “Without commenting on individual personnel matters, as a company with approximately 290,000 people, new executive hires and voluntary departures are part of the normal course of business. There are no departures that have resulted from the ransomware incident last month involving some of our corporate systems”
In March last year, Cognizant has announced that the company is laying off 300-400 Director, Assistant Vice-President and VP level employees across India, the US and other geographies with a ‘voluntary separation’ programme in June 19 with a generous severance payout of up to a year’s salary and other stock benefits based on their tenures in the company.
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