Cognizant May Cut Up To 15,000 Jobs, Indians Likely To Be Impacted | Firstpost Live
Cognizant may reportedly cut between 12,000 and 15,000 jobs globally under its new “Project Leap” restructuring programme, with a significant impact expected in India. The company says the restructuring could cost up to 320 million dollars, including major employee-related expenses. The move comes as global IT firms increasingly shift towards AI-led operations, automation and leaner workforce models. Cognizant says it will continue hiring freshers despite the restructuring drive. The development reflects a wider trend across the technology industry, with companies like Oracle, TCS, Accenture and Amazon also announcing layoffs or restructuring amid the growing push towards AI and cost efficiency.---
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