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Health Net inks bigger deal with Cognizant; Rancho job transition to play out next year
Sacramento Business Journal

Health Net Inc. quietly inked a seven-year deal with Cognizant Technology Solutions Corp. on Nov. 3, but employment fallout — if there is any — won’t be known for months. The Woodland Hills-based insurer has a workforce of roughly 2,300 in Rancho Cordova. About 800 work for Health Net’s federal services division and will not be affected by the deal. Impact on the 1,500 other local Health Net employees remains unclear.

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