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Cognizant to cut 15000 jobs worldwide under AI driven Project Leap restructuring

Cognizant to cut 15000 jobs worldwide under AI driven Project Leap restructuring

Cognizant is preparing for a major workforce reset under Project Leap, with potential cuts of 12,000 to 15,000 jobs worldwide. The company earmarked up to $270 million for employee related expenses within a $230 million to $320 million restructuring budget. With AI and automation driving a shift toward a “future operating model,” India is expected to face the heaviest impact.

Summarised by Beize from a story on Startup Talky on 6 May 2026
Cognizant may cut 15000 jobs as AI overhaul speeds up across IT services

Cognizant may cut 15000 jobs as AI overhaul speeds up across IT services

Cognizant is reportedly evaluating a major workforce reduction that could affect between 12,000 and 15,000 jobs as it accelerates an AI-led transformation. The possible cuts reflect how automation and AI-driven operations are reshaping IT services, pushing firms toward restructuring and cost optimization while redefining what human roles are still needed.

Summarised by Beize from a story on Republic on 6 May 2026

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Cognizant plans to cut 4000 roles as Project Leap reshapes AI hiring strategies

Cognizant plans to cut 4000 roles as Project Leap reshapes AI hiring strategies

Cognizant is reportedly preparing to cut around 4,000 roles under “Project Leap” to speed up AI adoption and streamline operations. The move comes even as the company plans to raise fresher intake, signaling a shift from traditional roles to AI-aligned work. The restructuring highlights how quickly global IT hiring is changing under pressure to modernize.

Summarised by Beize from a story on Republic on 1 May 2026
Cognizant Sets Aside 270 Million for Layoffs Under AI Restructuring Project Leap

Cognizant Sets Aside 270 Million for Layoffs Under AI Restructuring Project Leap

Cognizant has earmarked up to $270 million for employee-related expenses as part of Project Leap, a global reorganisation aimed at building an AI-driven operating model. The overall plan is estimated at $230 million to $320 million and follows earlier cost-cutting moves. Cognizant says it will shift service delivery toward automation and efficiency while hiring more early-career talent.

Summarised by Beize from a story on Startup Talky on 1 May 2026
Cognizant beats estimates but profit slips slightly and layoffs loom

Cognizant beats estimates but profit slips slightly and layoffs loom

Cognizant reported Q1 results that topped expectations: revenue rose 5.8% year-on-year to $5.4 billion, and constant-currency growth also beat its own forecast range. Net profit was $663 million, marginally down from a year earlier, though it edged up 2.1% sequentially. Still, the company signaled it is considering layoffs.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
Cognizant cuts quarterly revenue outlook as cautious IT spending grips clients

Cognizant cuts quarterly revenue outlook as cautious IT spending grips clients

Cognizant Technology lowered its quarterly revenue forecast, citing clients’ growing caution amid economic worries. The company also trimmed its annual revenue outlook, suggesting that restrained discretionary IT spending is flowing through faster than expected. The warning points to a tougher near-term demand environment for large IT services providers.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026

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Cognizant to buy Astreya for about 600 million to supercharge AI and data centers

Cognizant to buy Astreya for about 600 million to supercharge AI and data centers

Cognizant Technology plans to acquire Astreya for roughly $600 million, seeking to strengthen its artificial intelligence infrastructure and data center services. The transaction is expected to close in Q2 2026 and comes as companies accelerate AI spending. Cognizant’s buy signals a push to expand AI capabilities beyond software into core compute and data operations.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Cognizant becomes OpenAI global partner to scale Codex and turbocharge enterprise software delivery

Cognizant becomes OpenAI global partner to scale Codex and turbocharge enterprise software delivery

Cognizant has joined OpenAI’s partner group as a global partner, aiming to expand the use of OpenAI’s Codex across its enterprise clients. The company says integrating Codex will accelerate software development and strengthen code quality. Cognizant engineers are already applying Codex in live client projects, and the partnership is designed to bring more advanced AI capabilities into enterprise environments.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Cognizant CEO Ravi Kumar S pay jumps 30 percent to 10.7 million in 2025

Cognizant CEO Ravi Kumar S pay jumps 30 percent to 10.7 million in 2025

Cognizant Technology Solutions said its CEO Ravi Kumar S realised $10.7 million in compensation in 2025, up more than 30% from $8.2 million in 2024, based on US SEC filings. The jump highlights how executive pay can surge year over year even as market expectations and business performance remain under close scrutiny.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
TCS and Cognizant face ransomware claims as clients blame social engineering attacks

TCS and Cognizant face ransomware claims as clients blame social engineering attacks

Marks & Spencer reportedly believes TCS is linked to its ransomware attack, while US firm Clorox has sued Cognizant after a similar breach. The common thread: social engineering tactics that exploit trust, access pathways, and human decision-making. With third-party IT involvement and high-value targets, Indian IT partners and their clients often become easy entry points for attackers.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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