Cognizant: 4,000 jobs cut
Cognizant Technology plans to cut about 4,000 jobs, or roughly 1% of its workforce, as part of its Project Leap restructuring aimed at margin expansion. The layoffs come amid slowing demand and a push toward artificial intelligence and automation, which are reshaping the company's talent needs. Despite the cuts, the company intends to hire over 20,000 freshers, indicating a shift toward early-career roles and a reduction in mid-level positions. The announcement accompanied a lowered full-year revenue outlook.
Conservative
0
Core Estimate
1,600
Upper Bound
2,800
Sources
Cognizant to cut 4,000 jobs as AI push, weak demand weigh on outlook | Company Business News
Cognizant to cut 4,000 jobs as AI push, weak demand weigh on outlook | Company Business News # Cognizant to cut 4,000 jobs as AI push, weak demand weigh on outlook 3 min read29 Apr 2026, 09:13 PM IST During the company’s post-earnings analyst call on Wednesday, management said more than 20,000 freshers would join this year, suggesting reductions in mid-level roles. Headcount rose by 6,000 to 357,600 at the end of March 2026.(Reuters) Summary Cognizant’s Project Leap restructuring targets $3