Cognizant staff get huge bonus payouts

On a day when the InfosysBSE -8.54 % stock took a beating after the software firm hinted at lower revenue, rival Cognizant sent out bonus letters to employees rewarding them for its strong showing last year. The target bonus payout for 2013 was more than 200% for top performers. While the payout was 150% for the second bucket, the third got 100%. Even average performers got between 60-80%. The 2013 bonus payouts on average are above the 2012 payouts. Read the Economic Times news report here.