Cognizant is planning to lay off around 15,000 employees globally as part of its restructuring efforts focused on artificial intelligence.
The job cuts are expected to be carried out under the company’s Project Leap initiative. As part of this plan, Cognizant has allocated nearly $320 million for severance pay to support affected employees during the transition.
The move comes as the company shifts its focus toward AI-driven operations and automation. Like many firms in the technology sector, Cognizant is adapting to changing industry demands by investing in advanced digital capabilities.
Reports indicate that India may face a significant impact due to the company’s large workforce presence in the country. However, detailed information on region-wise layoffs has not been officially confirmed.
Company officials have stated that restructuring efforts are ongoing, but a specific timeline for the layoffs has not yet been announced.
The development reflects a broader trend in the global IT industry as companies realign their workforce strategies.
The changes highlight how evolving technologies are reshaping employment patterns in the sector.
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