According to an impacted employee, over 100 employees of the company are being laid off mainly from operations, tech, sales and supply acquisition teams.
The company's entire executive leadership team has taken a voluntary pay cut starting at 25 per cent.
Though the government has taken a decision in this regard which was approved by the cabinet, a formal order would be issued only after scrutinising legal side of the issue.
The IPS Association, Odisha branch and the IFS Association, Odisha chapter extended support to the Government decision.
According to the latest GO, the deferment of part of the salary is on account of the crisis triggered by the Covid-19 outbreak.
According to a memo issued by the Finance Department on Tuesday, the cut would be on the gross salary/emoluments without deductions/recoveries.
Maharashtra has a debt of over Rs 5.5 lakh crore and the central government has not yet paid its pending dues of over Rs 16,000 crore.
Other budget carriers IndiGo and GoAir have already announced similar move earlier.
The move is expected to benefit over 1,30,000 Cognizant employees in India.
The mobile sector had been hit since the time coronavirus (COVID-19) outbreak started in China.
The group is reviewing operating costs and plans to undertake multiple tough measures to keep overall expenses at a minimum.
Last week, IndiGo CEO Ronojoy Dutta stated that the senior employees of the low-cost carrier will have a pay cut of up to 25 per cent.
Meanwhile, in a special gesture, Lok Sabha members on Monday gave a standing ovation in the House to express their gratitude to all those working to tackle the coronavirus outbreak.
Apollo Tyres has a diversified and multinational presence and the pay cuts will affect all senior management at the global level.
Old Trafford is still due to host four Premier League matches this season, while United could still have three more home games in the Europa League.