Cognizant plans to cut about 4,000 jobs as part of its “Project Leap” restructuring despite posting Q1 revenue growth. The move aims to boost AI capabilities and efficiency amid slowing demand. Layoffs will span geographies, with India likely impacted most, even as the company continues hiring over 20,000 freshers this year.
IT giant Cognizant has announced a sweeping restructuring programme that will result in significant job cuts, even as the company posted revenue growth in the first quarter of 2026.
Cognizant plans to cut about 4,000 jobs, or roughly 1 percent of its workforce, The Mint reports, as slowing demand and a push toward automation weigh on growth and prompted the company to lower its full-year outlook.
Cognizant declined to comment on how many people will be shown the door, but said redundancies will be across geographies and all parts of the company. According to sources, some people have already started receiving layoff notices, with some being asked to leave certain projects.
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