Cognizant Layoffs: Up To 15,000 Jobs May Be At Risk As India Braces For AI Shake-Up
Cognizant Technology Solutions, which trades on the Nasdaq, is considering slashing between 12,000 and 15,000 jobs globally, according to a Moneycontrol report on Tuesday that cited several sources. Most of the layoffs could hit India. As of publication, the company hadn’t replied to Moneycontrol’s requests for comment. The potential cuts highlight a bigger shift underway in India’s tech services sector, where artificial intelligence—software that automates coding, testing, and support—is starting to reshape pricing and staffing models. Cognizant has rolled out Project Leap, its restructuring plan designed to speed up the transition to an AI-first way of operating. Clients, though, are still holding back on discretionary IT spending.